Dismissal of application seeking payment to 103 employees ...

Dismissal of salary arrears claim for 103 employees. No double payment. RP not liable for CoC-approved payments during CIRP.

July 22, 2024

Case Laws Insolvency and Bankruptcy AT

Dismissal of application seeking payment to 103 employees towards salary arrears. Settlement with 103 employees examined. No double payment made to employees. Held: Appellant's prayers not liable to be allowed. Respondent's reply affidavit categorically explained payments made with CoC approval. No personal liability on RP for payments made after CIRP with CoC approval. Appellant's apprehension of double payment to 103 employees clarified - they won't receive salary payment under Resolution Plan but entitled to gratuity and provident fund. No ground to interfere with Adjudicating Authority's order. Appeal dismissed.

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Dismissal of application seeking payment to 103 employees ...

Dismissal of salary arrears claim for 103 employees. No double payment. RP not liable for CoC-approved payments during CIRP.

July 22, 2024

Case Laws Insolvency and Bankruptcy AT

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