Gujarat HC: Officials Commuting to Court on Two-Wheelers Required to Wear Helmets  ||  Madras HC: To Invoke PMLA, Mere Possession of Proceeds of Crime Sufficient  ||  Madras HC: To Invoke PMLA, Mere Possession of Proceeds of Crime Sufficient  ||  Bom. HC: Sai Baba Sansthan Trust Eligible for Exemption on Income Tax for Anonymous Donations  ||  Delhi HC: Counting of Votes for DUSU Elections to be Allowed Once Defacement Cleaned Up  ||  Ori. HC: Fact-Finding Inquiry Makes it Permissible to Not Give Opportunity of Hearing to Employee  ||  Gauhati High Court Issues Guidelines for Acceptance of Final Report Form by Courts  ||  MP HC: Can’t Subject Transfer Order to Judicial Review Unless Found to be Influenced by Malafide  ||  MP HC: Discretion of Appointing Authority to Appoint a Person Involved in Offence of Moral Turpitude  ||  Gau. HC Issues Guidelines Regarding Release of Seized Money in Cyber Frauds or Crimes    

NCLAT: Insolvency Cannot be Initiated on Basis of Unpaid LTC And Leave Encashment Dues - (16 May 2022)

COMPANY

National Company Law Appellate Tribunal, has ruled that the welfare claims such as Leave Encashment, superannuation dues are not operational debt for the initiation of Corporate Insolvency Resolution Process of the Corporate Debtor under Section 9 of the Insolvency & Bankruptcy Code, 2016.

Tags : NATIONAL COMPANY LAW APPELLATE TRIBUNAL   LEAVE ENCASHMENT   CORPORATE DEBTOR   SECTION 9   INSOLVENCY & BANKRUPTCY CODE   2016   SUPERANNUATION DUES  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved