IBC and Industrial Dispute Act, 1947 operate in different spheres and the overlap between the same has not resulted in any conflict between the two, the question of one overriding the other does not arise – Suresh Narayan Singh Vs. Anish Agarwal, RP of Tayo Rolls Ltd. – NCLT Kolkata Bench
January 2, 2025
The Hon’ble NCLT Kolkata Bench held that both the statutes operate in different spheres and the overlap between the same has not resulted in any conflict between the two, the question of one overriding the other does not arise. The RP via his actions has in no way interfered with any remedy that may be available to the workmen under the Industrial Disputes Act, 1947, for which they may approach the appropriate Authority.