The Appellant, claiming to be an employee and authorized representative of employees of M/s. Vadraj Cement Ltd., filed an appeal challenging the order dated 01.04.2025 approving the Resolution Plan of the Corporate Debtor, M/s Vadraj Cement Limited.
The Corporate Insolvency Resolution Process (CIRP) against Vadraj Cement Ltd. commenced on 02.02.2024.
The Resolution Plan was approved by the Committee of Creditors (CoC) with 100% majority.
The Resolution Plan provided for a total amount towards provident fund of Rs.10,51,00,841/- and Rs.6,30,10,916/- for employee claims.
An email dated 24.04.2025 from the RP indicated that unpaid gratuity dues would be paid out of the Rs.6,30,10,916/-.
The Appellant argued that gratuity dues should be paid in addition to the Rs.6,30,10,916/-.
The Resolution Plan's Clause 13.1.2 stipulates that employee dues, including gratuity, are to be paid from Rs.6,30,10,916/-.
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The Appellant, claiming to be an employee and authorized representative of employees of M/s. Vadraj Cement Ltd., filed an appeal challenging the order dated 01.04.2025 approving the Resolution Plan of the Corporate Debtor, M/s Vadraj Cement Limited.
The Corporate Insolvency Resolution Process (CIRP) against Vadraj Cement Ltd. commenced on 02.02.2024.
The Resolution Plan was approved by the Committee of Creditors (CoC) with 100% majority.
The Resolution Plan provided for a total amount towards provident fund of Rs.10,51,00,841/- and Rs.6,30,10,916/- for employee claims.
An email dated 24.04.2025 from the RP indicated that unpaid gratuity dues would be paid out of the Rs.6,30,10,916/-.
The Appellant argued that gratuity dues should be paid in addition to the Rs.6,30,10,916/-.
The Resolution Plan's Clause 13.1.2 stipulates that employee dues, including gratuity, are to be paid from Rs.6,30,10,916/-.
The Corporate…
Public announcement was…
Sign in to view related legal provisions.