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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Insolvency and Bankruptcy Board employees get 30 days annual leave, with encashment options and specific accumulation rules.</h1> Employees of the Insolvency and Bankruptcy Board of India are entitled to 30 days of ordinary leave per year, with a maximum accumulation of 300 days. Leave is credited biannually, and if less than six months of service is rendered, leave is credited at one day per 12 days of service. Leave cannot be earned during continuous leave exceeding six months, and must be taken for at least five days if casual leave is sufficient. Leave can be encashed every two years, with conditions. Upon death or incapacitation, legal heirs receive cash for unused leave. Resigning employees can encash half of their leave, and retiring employees can opt for leave or a lump sum payment for up to 10 months.
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