Supreme Court of India
J K Jute Mill Mazdoor Morcha v. Juggilal Kamlapat Jute Mills Company Ltd. through its Director
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From the headnote
Insolvency and Bankruptcy Code, 2016– ss.3(23), 5(20) ,(21) and 8– trade union, whether an operational credit or for the purpose of the 2016 Code – Respondent-Jute mill was being closed and reopened several times until it was finally clo sed in 2014 – Proceedings pending under the 1985 Act, the appellant-trade union issued demand notice on behalf of around 3000 workers , u/s.8 of the Code, for their outstanding dues – Replied by the resp ondent – National Company Law Tribunal (NCLT) dismissed the petition holding that a trade union is not an operational creditor – NCL AT dismissed the appeal
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