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2026 LLR WEB 773 (SUPREME COURT OF INDIA)
Dues of workers of a sick company must be paid from assets of the company and its subsidiaries before any rehabilitation scheme or disposal is approved by the Court.
INDUSTRIAL DISPUTES ACT, 1947 Section 10B (Rajasthan Amendment) SICK INDUSTRIAL COMPANIES (SPECIAL PROVISIONS) ACT, 1985 Sections 3(1)(o), 20 INSOLVENCY AND BANKRUPTCY CODE, 2016 Section 252 read with Eighth Schedule CONSTITUTION OF INDIA Article 142 Sick company Workers' dues Rehabilitation scheme Sale of assets Winding up Abatement of proceedings JUL declared sick and rehabilitation scheme sanctioned in favour of GDCL Scheme... subscribe to read more..
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