Supreme Court: Joint Disciplinary Proceedings Not Mandatory in Cases Involving Multiple Officers || Supreme Court: Transferred Students Cannot Claim Government Fees After College Loses Recognition || Supreme Court: Arbitration Clause Applies When Earlier Agreement is Imported “Body and Soul” || J&K&L High Court: Seasonal Labourers Cannot Be Regularised Amid Government’s Blanket Ban || Delhi High Court: Silence Amid Sustained Vilification May Undermine Public Confidence In Judiciary || Calcutta HC Stays Eastern Railway Eviction Drive Affecting Around 6,000 Slum Dwellers Near Station || J&K&L HC: Repeated Arrests U/S 107 Crpc After UAPA Bail Can be Fresh PSA Detention Grounds || Del HC: Arrest Memo Listing Only Reasons Cannot Substitute Person-Specific Grounds of Arrest || SC: Hostile Witness Testimony Can Support Acquittal as Well, Not Only Conviction || SC: Appointing Candidates on Contract Against Advertised Regular Posts is Patently Illegal

Jonathan Allen v. Zoom Developers Private Limited - (High Court of Madhya Pradesh) (24 Aug 2015)

Employee of company has same locus standi as creditor

Company

A three-judge bench of the Madhya Pradesh High Court answered the question, whether an employee of a company qualifies as a creditor of the company, in the affirmative. It held, “the employee of the Company has locus to file Company Petition in respect of his unpaid wages/salary and emoluments, as having been filed by a creditor of the Company”. Outstanding or unpaid wages or salary of an employee were likened to a debt: while not defined in the Companies Act, 1956, the Court defined debt in accordance with its use in common parlance.

Relevant : Read the full judgment in Jonathan Allen v. Zoom Developers Private Limited

Tags : EMPLOYEE CREDITOR COMPANY DEBT

Share :