Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2019 (7) TMI 1425

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... g the Corporate Insolvency Resolution Process , but have not been paid the salary - HELD THAT:- An order of liquidation has already been passed. This apart, the disputed question of fact, as to whether the Appellants have actually worked during the Corporate Insolvency Resolution Process or the earlier period, cannot be dealt with by the Adjudicating Authority till such information could have b .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e same. Appeal disposed off. - Company Appeal (AT) (Insolvency) No. 605 of 2019 - - - Dated:- 31-5-2019 - Mr S. J. Mukhopadhaya, Chairperson, Mr A. I. S. Cheema, Member (Judicial) And Mr Kanthi Narahari, Member (Technical) For The Appellants : Mr. Shikhil Suri, Mr. Shiv Kumar Suri and Ms. Shilpa Saini, Advocates For The Respondents : Mr. Abhishek Shar .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ary. This apart, the salary of the earlier period has also not been released in their favour, though other similarly situated persons/ workmen have been paid. 3. It is submitted that by order dated 25th April, 2019 the Adjudicating Authority earlier disposed of an Interlocutory Application directing the Resolution Professional to deposit ₹ 2.75 crores out of approximately & .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... fere with the impugned order dated 25th April, 2019, but allow the Appellants-all 272 workmen and employees to file individual claims before the Liquidator, who after going through the record and taking into consideration the pleadings made by workmen/ employees will determine the claim. If claim of one or other workmen/ employee is rejected, it will be open to them to move before the Adjudicating .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates