Dear All Hope you guys are safe and healthy. Can a Labour Court Award be implemented in NCLT as the recovery of dues? Please suggest.
From India, Mumbai
U/s 53 of the Insolvency and Bankruptcy Code 2016, workers' dues are topmost priority in distribution of the proceeds from the sale of assets. Implementation of Award of labour Court is generally done by filing an application u/s 33C of the Industrial Disputes Act, but if the insolvency and bankruptcy proceedings have already been launched, the workers' dues can be recovered in that proceedings.

S.K. Mittal
9319956443

From India, Faridabad

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply →






About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHRô

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server