https://www.taxtmi.com/caselaws?id=281405 Employees of a Corporate Debtor sought transparency in insolvency proceedings and disbursement of dues, emphasizing the need to maintain the company as a "going concern" to fulfill employee obligations. Allegations were made regarding lack of protection for customers and employees during insolvency, leading to surprise among stakeholders. Concerns were raised about communication gaps on outstanding dues, amounting to 125 crores, causing mistrust. The Resolution Professional faced challenges in arranging funds for salaries, prompting the Tribunal to direct prompt action on fund availability and effective allocation planning. en-us Tue, 16 Oct 2018 00:00:00 +0530 Tue, 18 Jun 2019 10:40:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281405 Employees of a Corporate Debtor sought transparency in insolvency proceedings and disbursement of dues, emphasizing the need to maintain the company as a "going concern" to fulfill employee obligations. Allegations were made regarding lack of protection for customers and employees during insolvency, leading to surprise among stakeholders. Concerns were raised about communication gaps on outstanding dues, amounting to 125 crores, causing mistrust. The Resolution Professional faced challenges in arranging funds for salaries, prompting the Tribunal to direct prompt action on fund availability and effective allocation planning. Case-Laws Insolvency and Bankruptcy Tue, 16 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281405