Resolution Professional Updates on Pending Wages Disbursal and Resolution Plan Progress

The National Company Law Tribunal, Kolkata did not issue any direction for further consideration in a case where pending wages for 2 months were at issue. The Resolution Professional indicated that funds had been disbursed to employees, and the Corporate Insolvency Resolution Process was progressing towards completion. The Resolution Plan was being reviewed by the Committee of Creditors. The Resolution Professional sought to have two related matters heard together, but a formal application for simultaneous disposal was necessary.

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The National Company Law Tribunal, Kolkata heard a case where wages for 2 months were pending for payment. The Resolution Professional stated that available funds were already disbursed to employees, and the Corporate Insolvency Resolution Process was near completion. The Resolution Plan was under consideration before the Committee of Creditors. The Tribunal did not issue any direction for further consideration. The Resolution Professional requested for two similar matters to be considered together, but this request required a formal application for simultaneous disposal.

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