https://www.taxtmi.com/caselaws?id=763267 The NCLAT Chennai dismissed an appeal by 212 members of a registered employees welfare association seeking retention allowance of Rs. 2,80,36,076. The tribunal held that retention allowance was not established as part of salary or wages, as no service conditions or appointment terms were produced to prove it formed part of emoluments. The payment slip and managing director's endorsement were insufficient to establish legal enforceability. However, salary for June 2017 was ordered to be paid subject to conditions. The NCLT's order dated 11.03.2024 was upheld as it contained no apparent error warranting appellate interference. en-us Fri, 13 Dec 2024 00:00:00 +0530 Mon, 16 Dec 2024 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763267 The NCLAT Chennai dismissed an appeal by 212 members of a registered employees welfare association seeking retention allowance of Rs. 2,80,36,076. The tribunal held that retention allowance was not established as part of salary or wages, as no service conditions or appointment terms were produced to prove it formed part of emoluments. The payment slip and managing director's endorsement were insufficient to establish legal enforceability. However, salary for June 2017 was ordered to be paid subject to conditions. The NCLT's order dated 11.03.2024 was upheld as it contained no apparent error warranting appellate interference. Case-Laws IBC Fri, 13 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763267