The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT) regarding insolvency proceedings. The liquidator is in the process of verifying employee claims related to Pension Fund, Gratuity Fund, and Provident Fund, with plans to deposit the funds. The funds are deposited through LIC by way of Bank premium.
Rakesh Kumar filed an appeal against Sanjay Gupta of AAA Insolvency Professionals LLP, who is the liquidator of Samtel Color Ltd. The liquidator is verifying employee claims related to Pension Fund, Gratuity Fund, and Provident Fund. The liquidator intends to deposit these funds, which are currently deposited through LIC via bank premium. The court directed the liquidator to ensure the admitted amounts are paid into the appropriate funds within one month.
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The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT) regarding insolvency proceedings. The liquidator is in the process of verifying employee claims related to Pension Fund, Gratuity Fund, and Provident Fund, with plans to deposit the funds. The funds are deposited through LIC by way of Bank premium.
Rakesh Kumar filed an appeal against Sanjay Gupta of AAA Insolvency Professionals LLP, who is the liquidator of Samtel Color Ltd. The liquidator is verifying employee claims related to Pension Fund, Gratuity Fund, and Provident Fund. The liquidator intends to deposit these funds, which are currently deposited through LIC via bank premium. The court directed the liquidator to ensure the admitted amounts are paid into the appropriate funds within one month.
Learned counsel appearing on behalf of the…
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