https://www.taxtmi.com/caselaws?id=379508 A registered trade union is a statutory entity and qualifies as a "person" under the Insolvency and Bankruptcy Code, 2016; it may therefore maintain an operational creditor application for employment-related dues owed to its members. The statutory definition of operational debt covers claims arising from employment, and the application framework under Rule 6 and Form 5 permits joint claims in appropriate cases. The union's powers to sue and be sued, and to fund legal proceedings and trade disputes, support its capacity to act for workmen. The requirement that each workman could file a separate claim does not bar a collective application through an authorised union, and the contrary view was rejected by the SC. en-us Tue, 30 Apr 2019 00:00:00 +0530 Fri, 03 May 2019 13:35:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379508 A registered trade union is a statutory entity and qualifies as a "person" under the Insolvency and Bankruptcy Code, 2016; it may therefore maintain an operational creditor application for employment-related dues owed to its members. The statutory definition of operational debt covers claims arising from employment, and the application framework under Rule 6 and Form 5 permits joint claims in appropriate cases. The union's powers to sue and be sued, and to fund legal proceedings and trade disputes, support its capacity to act for workmen. The requirement that each workman could file a separate claim does not bar a collective application through an authorised union, and the contrary view was rejected by the SC. Case-Laws Insolvency and Bankruptcy Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379508