Central Bank appeals order on backwages in company insolvency The Central Bank of India appealed against an order regarding backwages for employees of a company facing financial difficulties. The matter was resolved ...
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Central Bank appeals order on backwages in company insolvency
The Central Bank of India appealed against an order regarding backwages for employees of a company facing financial difficulties. The matter was resolved in accordance with the pending proceedings before the Board for Industrial and Financial Reconstruction.
The Central Bank of India filed W.A.No.7746/2001 against the order dated 5.12.2001 in W.P.No.33650/2001. The dispute was about backwages for employees of Siruguppa Sugar and Chemicals Limited laid off due to heavy losses. The matter was pending before the Board for Industrial and Financial Reconstruction, so the appeals were disposed of accordingly.
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