SC: Hard to Believe Married Woman Was Lured Into Sex by False Marriage Promise; Case Quashed || SC: Properties Acquired by Karta are Presumed to be Joint Hindu Family Assets unless Proven Otherwise || SC: Trial Courts Must Record that Free Legal Aid was Offered to Accused Before Witness Examination || SC: State Government Employees Cannot Claim Dearness Allowance Twice a Year Unless Rules Allow || P&H High Court: Anticipatory Bail on Settlement Can be Revoked if Compromise is Broken || Delhi High Court: Consenting Adults can Choose Life Partners Without Societal or Parental Approval || Cal HC: Excessive Palm Sweating Alone Cannot Render Candidate Medically Unfit for CAPF Appointment || Del HC: Mother's Right to Education and Personal Growth Cannot be Restricted Due To Custody Disputes || SC: Under RTE Act, States Cannot Justify Low Teacher Pay by Citing Centre’s Failure to Release Funds || Supreme Court: While a Child’s Welfare is Paramount, It is Not the Sole Factor in Custody Disputes

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 :