2018 (11) TMI 892

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....UDGMENT SUDHANSU JYOTI MUKHOPADHAYA, J. This appeal has been preferred by the Appellant- Mr. Suresh Narayan Singh, Authorised Representative of 284 workers of 'Tayo Rolls Limited'- ('Corporate Debtor') against the order dated 3rd January, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata, whereby and whereunder, the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as "I&B Code') preferred by the Appellant has been rejected on the ground that the application under Section 9 has to be filed by the 'Operational Creditor' individually and not jointly. The Adjudicating Authority has also observed that otherwise also it is not practicable for mor....

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....led to file an application under Section 9. Therefore, where workmen/employees are 'Operational Creditors', the application may be made either by an 'Operational Creditor' in an individual capacity or as a joint capacity by one of them who is duly authorized for such purpose. 5. The basic scheme of the law, as enunciated in Sections 8 and 9, has been explained by the Hon'ble Supreme Court in "Innoventive Industries Ltd. v. ICICI Bank and Anr.─ (2018) 1 SCC 407", wherein the Hon'ble Supreme Court observed: "29. The scheme of Section 7 stands in contrast with the scheme under Section 8 where an operational creditor is, on the occurrence of a default, to first deliver a demand notice of the unpaid debt to the operational debt....

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....-5 enclosed the wages due from October, 2016 to October, 2017 of different employees, a part of which is as follows: WAGES DUE FROM OCTOBER 2016 - OCTOBER 2017 Sl. No Name P. No. Wage for the month of OCT. 2016 x 13 Months Total Due till Oct 2017   1 RAMNATH MAMATO 1534 15215.00 X13 197795.00   2 DINESH MAHATO 1535 15029.00 Xl3 195377.00   3 SUDIP SAHU 1539 15394.00 X13 200122.00   4 SHARAT CHANDRA MAHATO 1545 15215.00 X13 197795.00   5 SHYAMA SHARMA 1554 14829.00 X13 192777.00   6 NIRMAL CHANDRA MAHATO 1558 16091.00 X13 209183.00   7 ANANTO KUMAR BH....

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.... BINOD KUMAR SHARMA 1622 15704.00 X13 204152.00   28 SHAILESH KUMAR TIWARY 1623 15298.00 X13 198874.00   29 MANOJ KUMAR CHOURASIA 1630 15298.00 X13 198874.00   30 Prakash Mahato 1632 15298 00 X13 198874.00   31 SHAIBU MAHATO 1633 15704.00 X13 204152.00   32 RUPESH KUMAR 1635 15704.00 X13 204152.00   33 PRABHAT RANJAN 1637 15298.00 X13 198874.00   34 RATNESH KUMAR UPADHYAY 1638 14978.00 X13 194714.00   35 RADHA R. SETH 1641 15298.00 X13 198874.00   36 RAJENDRA PRASAD MAHATO 1642 15298.00 X13 198874....