https://www.taxtmi.com/caselaws?id=361854 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an employee seeking Corporate Insolvency Resolution Process against the respondent corporate debtor for unpaid salary. Despite objections raised by the respondent, the Tribunal determined the applicant qualified as an operational creditor. The application was admitted, a moratorium was imposed under section 14 of the Code, and an Interim Resolution Professional was appointed. The resolution process was set in motion, with the moratorium in place until completion of the insolvency resolution. en-us Thu, 03 May 2018 00:00:00 +0530 Fri, 15 Jun 2018 10:08:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361854 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an employee seeking Corporate Insolvency Resolution Process against the respondent corporate debtor for unpaid salary. Despite objections raised by the respondent, the Tribunal determined the applicant qualified as an operational creditor. The application was admitted, a moratorium was imposed under section 14 of the Code, and an Interim Resolution Professional was appointed. The resolution process was set in motion, with the moratorium in place until completion of the insolvency resolution. Case-Laws Insolvency and Bankruptcy Thu, 03 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361854