https://www.taxtmi.com/caselaws?id=407026 The application filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 by an ex-employee seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to unpaid salary dues was admitted. The Tribunal found the claim valid, as the unpaid salary was undisputed and confirmed through Form-16. A moratorium was declared under Section 14(1) of the Code, an Interim Resolution Professional was appointed, and directions were given for the conduct of the CIRP and obligations of the IRP. The application was allowed, and the case was disposed of accordingly. en-us Wed, 24 Mar 2021 00:00:00 +0530 Thu, 29 Apr 2021 10:23:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407026 The application filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 by an ex-employee seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to unpaid salary dues was admitted. The Tribunal found the claim valid, as the unpaid salary was undisputed and confirmed through Form-16. A moratorium was declared under Section 14(1) of the Code, an Interim Resolution Professional was appointed, and directions were given for the conduct of the CIRP and obligations of the IRP. The application was allowed, and the case was disposed of accordingly. Case-Laws Insolvency and Bankruptcy Wed, 24 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407026