Breaking: Registered Trade Union Can File Insolvency Petition As Operational Creditor On Behalf Of Its Members: SC [Read Judgment]

In a significant ruling, the Supreme Court has held that a registered trade union can maintain a petition as an operational creditor on behalf of its members. The bench comprising Justice Rohinton Fali Nariman and Justice Vineet Saran allowed the appeal against the National Company Law Appellate Tribunal (NCLAT) order which held that a trade union would not be an operational creditor as...