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2020 (2) TMI 1552 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtors failed to make repayment of its dues - Operational Creditors - existence of debt and dispute or not - HELD THAT:- The total outstanding as overdue salary amount is ₹ 4,90,709/- plus interest @18% P.A. from 14.02.2019 till the realisation of outstanding amount is ₹ 4,22,447/-. Petitioner was appointed on false representation by OC's husband Mr. Ranjeet Singh working in-charge of production in the Machine Shop. He informed that OC was well qualified and can work as Assistant Engineer-Design and thus used his influence and position in the company to get higher salary. As a matter of fact, the OC did not attend office and wasn't competent and qualified and the OC suffered with respect to quality and loss of business of several lacs besides loss of repetition in international market which is entirely on account of the petitioner.
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