The case involves a dispute over the treatment of a 'Gratuity Trust Fund' in the context of a corporate insolvency resolution process. The Liquidator disbursed ₹16 crores out of ₹27 crores to secured creditors. The appellant argues that this disbursement occurred without due consideration of the gratuity payable to the workmen, potentially violating Section 53 of the I&B Code, 2016. The core factual issue is whether the Gratuity Trust Fund should be considered an asset of the Corporate Debtor for the purpose of disbursement to creditors or whether it should be protected for the benefit of the employees. The relevance of the gratuity fund is that it represents a statutory obligation of the corporate debtor to its employees, and its treatment during liquidation

The case involves a dispute over the treatment of a 'Gratuity Trust Fund' in the context of a corporate insolvency resolution process. The Liquidator disbursed ₹16 crores out of ₹27 crores to secured creditors. The appellant argues that this disbursement occurred without due consideration of the gratuity payable to the workmen, potentially violating Section 53 of the I&B Code, 2016. The core factual issue is whether the Gratuity Trust Fund should be considered an asset of the Corporate Debtor for the purpose of disbursement to creditors or whether it should be protected for the benefit of the employees. The relevance of the gratuity fund is that it represents a statutory obligation of the corporate debtor to its employees, and its treatment during liquidation