The case involves two company appeals (AT) (Insolvency) No. 730 of 2018 and No. 731 of 2018 before the National Company Law Appellate Tribunal, New Delhi. The appeals were filed by Aircel Employees Representatives (AER) against Dishnet Wireless Limited and Aircel Limited, respectively. The core issue revolves around the non-payment of salaries to the working employees during the Corporate Insolvency Resolution Process (CIRP) initiated against both Dishnet Wireless Limited and Aircel Limited. The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai, had previously addressed the matter in September 2018, concerning the release of salary to the employees of the respective Corporate Debtors during the CIRP.
Two separate Corporate Insolvency Resolution Processes (CIRP) were initiated against ‘Dishnet Wireless Limited' and ‘Aircel Limited'. The Aircel Employees Representatives (AER) filed appeals against both companies due to non-payment of salaries to the working employees during the CIRP. The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai, addressed the matter in September 2018, concerning salary release. The Resolution Professional expressed difficulty in arranging funds for salary payments. The Adjudicating Authority directed the Resolution Professional to provide a list of employees with their details. Funds were released following Supreme Court directions, and salaries were paid up to January 2019. Salaries were paid up to February 2019.
…Sign in to view the parties.
The Adjudicating Authority (National Company…
The Adjudicating Authority disposes of the…
Sign in to view related legal provisions.
The case involves two company appeals (AT) (Insolvency) No. 730 of 2018 and No. 731 of 2018 before the National Company Law Appellate Tribunal, New Delhi. The appeals were filed by Aircel Employees Representatives (AER) against Dishnet Wireless Limited and Aircel Limited, respectively. The core issue revolves around the non-payment of salaries to the working employees during the Corporate Insolvency Resolution Process (CIRP) initiated against both Dishnet Wireless Limited and Aircel Limited. The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai, had previously addressed the matter in September 2018, concerning the release of salary to the employees of the respective Corporate Debtors during the CIRP.
Two separate Corporate Insolvency Resolution Processes (CIRP) were initiated against ‘Dishnet Wireless Limited' and ‘Aircel Limited'. The Aircel Employees Representatives (AER) filed appeals against both companies due to non-payment of salaries to the working employees during the CIRP. The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai, addressed the matter in September 2018, concerning salary release. The Resolution Professional expressed difficulty in arranging funds for salary payments. The Adjudicating Authority directed the Resolution Professional to provide a list of employees with their details. Funds were released following Supreme Court directions, and salaries were paid up to January 2019. Salaries were paid up to February 2019.
…The Adjudicating Authority (National Company…
The Adjudicating Authority disposes of the…
Sign in to view related legal provisions.