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2018 (11) TMI 892 - AT - Insolvency and BankruptcyCorporate insolvency process - outstanding workman’s due - Held that:- Each workman’s due is more than rupees one lakh and the ‘Corporate Debtor’ having defaulted to pay the amount, the application was fit to be admitted. The Adjudicating Authority having failed to consider the aforesaid fact, we have no other option but to set aside the impugned order dated 3rd January, 2018 and remit the matter to the Adjudicating Authority to admit the application. In the result, the Adjudicating Authority is directed to admit the application filed by the Appellant- Mr. Suresh Narayan Singh and pass appropriate order of ‘Moratorium’ and appointment of ‘Insolvency Resolution Professional’ in accordance with law after notice to the ‘Corporate Debtor’.
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