https://www.taxtmi.com/caselaws?id=429181 Gratuity was held not payable through the insolvency process where the corporate debtor had not created a gratuity fund, but salary and leave encashment for services rendered during CIRP were treated as insolvency resolution process costs because they arose from running the debtor as a going concern and had to be provided for in priority. The resolution professional was entitled to take custody and control of the corporate debtor's owned vehicles, and their handover was directed because such assets must be preserved during CIRP. The claim for car rental was not decided in the insolvency proceedings and was left to be pursued before the appropriate forum. en-us Thu, 13 Oct 2022 00:00:00 +0530 Thu, 20 Oct 2022 08:17:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429181 Gratuity was held not payable through the insolvency process where the corporate debtor had not created a gratuity fund, but salary and leave encashment for services rendered during CIRP were treated as insolvency resolution process costs because they arose from running the debtor as a going concern and had to be provided for in priority. The resolution professional was entitled to take custody and control of the corporate debtor's owned vehicles, and their handover was directed because such assets must be preserved during CIRP. The claim for car rental was not decided in the insolvency proceedings and was left to be pursued before the appropriate forum. Case-Laws Insolvency and Bankruptcy Thu, 13 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429181