CIRP process - Leave encashment amount payable to the applicant ...

Leave Encashment Included in CIRP Costs; Rs. 25,68,000 Compensation Denied Due to Lack of Provision in 2019 Agreement.

June 8, 2022

Case Laws Insolvency and Bankruptcy AT

CIRP process - Leave encashment amount payable to the applicant shall be treated as part of CIRP cost, or not - The compensation amount of Rs. 25,68,000/- claimed by the Appellant is not payable in terms of the agreement dated 13.02.2019 - Keeping in view the relevant rules and the Agreement dated 13.02.2019, it is held that there is no provision for payment of compensation to the Appellant. - AT

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CIRP process - Leave encashment amount payable to the applicant ...

Leave Encashment Included in CIRP Costs; Rs. 25,68,000 Compensation Denied Due to Lack of Provision in 2019 Agreement.

June 8, 2022

Case Laws Insolvency and Bankruptcy AT

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