2020 (2) TMI 1549

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....spondent : S.V. Rateria, Chandra Prabha, C.S. Gupta and Anand Shukla. ORDER Abni Ranjan Kumar Sinha, Member (J) 1. The present petition is filed under Section 9 of Insolvency and Bankruptcy Code, 2016 ("Code") read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rule, 2016 by the Operational Creditor/Petitioner, i.e. "Ranjeet Singh" for initiation of C....

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....sted the CD to clear the payment outstanding salary but the CD assured the OC that the same will be cleared very soon, but instead of clearing the outstanding salary, the CD chose to withhold the salary and went on withholding the same up to 6 month starting January 2013 to June 2013. The OC started going through extreme financial hardship and requested the CD in the month of June 2013 to clear th....

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..... 9. The total outstanding as overdue salary amount is Rs. 12,90,808/- plus interest @18% P.A. from 14.02.2019 till the realisation of outstanding amount is Rs. 10,02,701/-. VII. The CD in its reply to the Application has stated almost same facts as stated by him in the Reply to the application by Ms. Shally Sati [IB-702/ND/2019] except the following contention. Therefore, we would like to m....