2020 (2) TMI 1548

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....nal Creditor, i.e. "Shally Sati" for initiation of Corporate Insolvency Resolution Process against the Respondent/Corporate Debtor Company "M/S. Karan Motors Private Limited". 2. The Operational Creditor (Herein referred to as 'OC') was employed under Corporate Debtor (Herein referred to as 'CD') on 01.04.2013 as Executive-Marketing. The CD, in last few years, started skipping the salary of the OC for the reason best known to the CD only. 3. The CD chose to withhold the salary and kept on doing this for another 5 months starting May 2014 to September 2014. Thereafter, the OC requested the CD in the month of October 2014 to clear the outstanding salary as she was left with no money for her livelihood. The CD then starte....

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....and hence no proceeding under the Code can be initiated. Even otherwise as per records of the client the salary claim already stands paid and nothing is due and payable. c. In the reply dated 22.02.2019, the CD vehemently denied liability raised in the Demand Notice and also raised various objects about legality if the demands raised by the OC. d. The CD states that the alleged demand raised in the demand notice is disputed and neither admitted nor payable by CD. The demand raised is apparently barred under limitation and is not covered under the provisions of the Code. e. Petitioner was appointed on the representation made by her father who was in-charge of production in the foundry. Petitioner's father falsely represented tha....