CIRP - claims submitted on behalf of sub-contracted workers have ...

Sub-contracted workers' claims capped at 8% in CIRP; unawareness argument dismissed as claims already resolved.

December 7, 2023

Case Laws Insolvency and Bankruptcy AT

CIRP - claims submitted on behalf of sub-contracted workers have been accepted only to the extent of 8% - The submission which has been advanced by Counsel for the Appellant that due to the workers of sub-contractor being not aware of the CIRP could not file their claim cannot be considered at the stage when all claims have been collated and admitted and dealt with in the Resolution Plan. - AT

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CIRP - claims submitted on behalf of sub-contracted workers have ...

Sub-contracted workers' claims capped at 8% in CIRP; unawareness argument dismissed as claims already resolved.

December 7, 2023

Case Laws Insolvency and Bankruptcy AT

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