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IBC - Highlights / Catch Notes

Home Highlights May 2021 Year 2021 This

Initiation of CIRP - Failure to pay outstanding salary dues to ...

Insolvency and Bankruptcy

May 11, 2021

Initiation of CIRP - Failure to pay outstanding salary dues to the employees - Operational Creditor has not received his dues from the Corporate Debtor and the submissions made by the Corporate Debtor in this regard appears to be after thought and was not submitted by any documentary evidence. - The Operational Creditor is yet to receive his salary dues from the Corporate Debtor. The submissions made by the Corporate Debtor is not convincing and accordingly the application for CIRP of the Operational Creditor has been admitted. - Tri

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