https://www.taxtmi.com/caselaws?id=755857 NCLAT Principal Bench dismissed appeal challenging application regarding salary arrears payment to 103 employees. Tribunal held Resolution Professional (RP) not personally liable for payments made with Committee of Creditors approval during Corporate Insolvency Resolution Process. Court clarified no double payment would occur to employees under resolution plan for unpaid salaries, though employees remain entitled to gratuity and provident fund benefits. Adjudicating Authority's order upheld with no grounds found for interference. en-us Fri, 19 Jul 2024 00:00:00 +0530 Mon, 22 Jul 2024 08:38:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755857 NCLAT Principal Bench dismissed appeal challenging application regarding salary arrears payment to 103 employees. Tribunal held Resolution Professional (RP) not personally liable for payments made with Committee of Creditors approval during Corporate Insolvency Resolution Process. Court clarified no double payment would occur to employees under resolution plan for unpaid salaries, though employees remain entitled to gratuity and provident fund benefits. Adjudicating Authority's order upheld with no grounds found for interference. Case-Laws Insolvency and Bankruptcy Fri, 19 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755857