TMI BlogCoC Denies Related Parties' Claim for Salary and TDS Payment Based on Commercial Wisdom in Corporate Debtor Case.Validity of order of CoC rejecting the claim - Seeking to release the lawful dues of the Applicant and credit/make payment of TDS - Related party - Applicants had considerable control over the management of affairs of the Corporate Debtor - If in commercial wisdom the CoC has rejected the resolution for payment of salary to the Applicants, the question of reversing the decision cannot be considered - Tri ..... X X X X Extracts X X X X X X X X Extracts X X X X
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