The case involves an application filed by Mr. Hari Kishan Sharma, an Operational Creditor, against M/s AKME Projects Ltd., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process due to unpaid salary dues. The Operational Creditor claims a total amount of Rs. 12,22,146/- as outstanding salary for the period November 2014 to June 2015, along with interest at 18% per annum. The Corporate Debtor acknowledged a liability of Rs. 6,10,209/- towards unpaid salaries but alleged the existence of disputes and fabrication of documents by the Operational Creditor.
Mr. Hari Kishan Sharma, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s AKME Projects Ltd., the Corporate Debtor, seeking to initiate the Corporate Insolvency Resolution Process. Mr. Sharma claimed outstanding salary dues of Rs. 12,22,146/- for the period November 2014 to June 2015, along with 18% interest per annum, with the date of default being June 1, 2015, when he was released from service. He was working as Head Projects since August 2013. The application was supported by documents including the appointment letter, correspondence, discharge letter, full and final settlement statement, and a notice under Form-3 of the Code. The Corporate Debtor acknowledged a liability of Rs. 6,10,209/-
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Mr. Hari Kishan Sharma…
Date of the appointment…
The case involves an application filed by Mr. Hari Kishan Sharma, an Operational Creditor, against M/s AKME Projects Ltd., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process due to unpaid salary dues. The Operational Creditor claims a total amount of Rs. 12,22,146/- as outstanding salary for the period November 2014 to June 2015, along with interest at 18% per annum. The Corporate Debtor acknowledged a liability of Rs. 6,10,209/- towards unpaid salaries but alleged the existence of disputes and fabrication of documents by the Operational Creditor.
Mr. Hari Kishan Sharma, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s AKME Projects Ltd., the Corporate Debtor, seeking to initiate the Corporate Insolvency Resolution Process. Mr. Sharma claimed outstanding salary dues of Rs. 12,22,146/- for the period November 2014 to June 2015, along with 18% interest per annum, with the date of default being June 1, 2015, when he was released from service. He was working as Head Projects since August 2013. The application was supported by documents including the appointment letter, correspondence, discharge letter, full and final settlement statement, and a notice under Form-3 of the Code. The Corporate Debtor acknowledged a liability of Rs. 6,10,209/-
…Mr. Hari Kishan Sharma…
Date of the appointment…