Insolvency and Bankruptcy Code: Financial Death and Possible Resuscitation of Pandemic Affected Workmen

-Aaryan Mohan

Though the rights of the labour, especially unorganized labour, are easily overlooked under the Insolvency & Bankruptcy Code, the placement, and subject matter of certain provisions of the code actually pay heed to the interests of workmen, but considering how the National Company Law Tribunal, and National Company Law Appellate Tribunal are not courts of equity, and how they cannot adjudge the validity of the resolution plans approved by the committee of creditors; can the provisions of the code alone carry the workmen from harm’s way?

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