Relief to Employees Under IBC: NCLAT Set Aside Liquidation Order

By |2019-09-24T16:21:20+05:30September 17th, 2019|Insolvency(IBC)|

INTRODUCTION In a very recent judgment, the Hon’ble NCLAT in the matter of Shweta Vishwanath Shirke & Ors. vs. Committee of Creditors, while dismissing the Order for liquidation of M/s Sterling Biotech, passed by the Adjudicating Authority, Mumbai Bench, has held that Section 29A of IBC is not applicable for entertaining/considering an application under [...]