https://www.taxtmi.com/caselaws?id=770046 The NCLAT dismissed applications filed by ex-employees under Section 60(5) of IBC seeking outstanding dues from a new entity that acquired their former company through resolution process. The tribunal held that since the erstwhile company was resolved by NCLT order dated 02.02.2021, any grievances should have been raised before the NCLT Mumbai where the resolution was approved, not before the appellate tribunal. The applications were disposed of with liberty to raise grievances through appropriate remedy before the concerned NCLT. en-us Fri, 02 May 2025 00:00:00 +0530 Tue, 06 May 2025 09:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770046 The NCLAT dismissed applications filed by ex-employees under Section 60(5) of IBC seeking outstanding dues from a new entity that acquired their former company through resolution process. The tribunal held that since the erstwhile company was resolved by NCLT order dated 02.02.2021, any grievances should have been raised before the NCLT Mumbai where the resolution was approved, not before the appellate tribunal. The applications were disposed of with liberty to raise grievances through appropriate remedy before the concerned NCLT. Case-Laws IBC Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770046