https://www.taxtmi.com/caselaws?id=435262 The appeal was dismissed by the Tribunal, upholding the order rejecting the application for Corporate Insolvency Resolution Process initiation. The Resolution Plan submitted by Gloster Limited for Fort Gloster Industries Ltd. was approved by the Committee of Creditors with a 73.21% vote share. Trade unions' claims for gratuity and leave liability were partially accepted, allocating funds for workmen's claims. Allegations of discrimination among employees in claim satisfaction were dismissed, citing lack of substantiated evidence. The Tribunal found that the appellants did not comply with procedural regulations for claims, leading to the dismissal of the appeal. en-us Wed, 15 Mar 2023 00:00:00 +0530 Thu, 16 Mar 2023 08:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435262 The appeal was dismissed by the Tribunal, upholding the order rejecting the application for Corporate Insolvency Resolution Process initiation. The Resolution Plan submitted by Gloster Limited for Fort Gloster Industries Ltd. was approved by the Committee of Creditors with a 73.21% vote share. Trade unions' claims for gratuity and leave liability were partially accepted, allocating funds for workmen's claims. Allegations of discrimination among employees in claim satisfaction were dismissed, citing lack of substantiated evidence. The Tribunal found that the appellants did not comply with procedural regulations for claims, leading to the dismissal of the appeal. Case-Laws Insolvency and Bankruptcy Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435262