Validity of order of CoC rejecting the claim - Seeking to ...
CoC Denies Related Parties' Claim for Salary and TDS Payment Based on Commercial Wisdom in Corporate Debtor Case.
November 19, 2022
Case Laws Insolvency and Bankruptcy Tri
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
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