Case Law Details
Case Name : Rakesh J Shah & Ors. Vs Sanjay Kumar Agarwal & Ors. (NCLAT Delhi)
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NCLAT
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Rakesh J Shah & Ors. Vs Sanjay Kumar Agarwal & Ors. (NCLAT Delhi)
NCLAT Delhi held that issue of closure of the factory to be raised against Industrial Court or Labour Court under the Industrial Disputes Act, 1947 and not against adjudicating authority i.e. National Company Law Tribunal. Thus, appeal dismissed.
Facts- The CIRP of the Corporate Debtor commenced vide order dated 01.01.2018 passed by the Adjudicating Authority on an application filed u/s. 7 by the Allahabad Bank against the Corporate Debtor- ‘Biotor Industries Ltd.’.
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