2020 (2) TMI 1551

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....ant/Respondent: 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 Petitioner/Operational Creditor, i.e. "Hansa Dutt Sati" for initiati....

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....ame 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 5 month starting May 2014 to September 2014. The OC starting going through extreme financial hardship and requested the CD in the month of October 2014 to clear the outstanding salary as he was left no money. 5. The CD then started paying the ....

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....est @18% P.A. from 14.02.2019 till the realisation of outstanding amount is Rs. 4,65,355/-. V. 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 mention only new facts in the reply: a. Petitioner was employed with the CD in-charge....