https://www.taxtmi.com/caselaws?id=299070 The tribunal ruled in favor of the ex-employee, admitting the insolvency application against the corporate debtor for non-payment of salary arrears. An Insolvency Resolution Professional (IRP) was appointed, and a moratorium was declared to oversee the resolution process. The tribunal found the corporate debtor's actions, including filing a civil suit, as fraudulent attempts to evade insolvency proceedings. The decision aimed to safeguard both parties' interests and ensure a just resolution of the financial dispute under the Insolvency and Bankruptcy Code, 2016. en-us Fri, 17 Nov 2017 00:00:00 +0530 Fri, 03 Dec 2021 08:59:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299070 The tribunal ruled in favor of the ex-employee, admitting the insolvency application against the corporate debtor for non-payment of salary arrears. An Insolvency Resolution Professional (IRP) was appointed, and a moratorium was declared to oversee the resolution process. The tribunal found the corporate debtor's actions, including filing a civil suit, as fraudulent attempts to evade insolvency proceedings. The decision aimed to safeguard both parties' interests and ensure a just resolution of the financial dispute under the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Fri, 17 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299070