https://www.taxtmi.com/caselaws?id=275047 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code for default in payment of wages by the Corporate Debtor to Operational Creditors. The Corporate Debtor failed to pay wages for 6 months, resulting in a claim of Rs. 23,77,978. Despite objections raised by the Corporate Debtor regarding the maintainability of the petition, the Tribunal rejected the argument and admitted the application. An Interim Resolution Professional was appointed to manage the Corporate Debtor and oversee the Corporate Insolvency Resolution Process, which must be completed within 180 days. en-us Wed, 10 Jan 2018 00:00:00 +0530 Sun, 16 Sep 2018 18:22:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275047 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code for default in payment of wages by the Corporate Debtor to Operational Creditors. The Corporate Debtor failed to pay wages for 6 months, resulting in a claim of Rs. 23,77,978. Despite objections raised by the Corporate Debtor regarding the maintainability of the petition, the Tribunal rejected the argument and admitted the application. An Interim Resolution Professional was appointed to manage the Corporate Debtor and oversee the Corporate Insolvency Resolution Process, which must be completed within 180 days. Case-Laws Insolvency and Bankruptcy Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275047