The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Mr. Ajit Madhukar Darvatkar, an Operational Creditor, against M/s. Arch Infra Projects Nirman Private Limited, the Corporate Debtor, for unpaid salary. The Operational Creditor was appointed as Project Manager by the Debtor on 19.04.2006, with a consolidated salary of ₹15,000 per month, later revised to ₹50,000 per month from April 2007 to July 2011. The Operational Creditor resigned on 31.03.2017, which was accepted by the Debtor on 04.04.2017. Despite demands, the Debtor failed to pay the outstanding salary from July 2013 to March 2017, amounting to ₹22,44,297.
Mr. Ajit Madhukar Darvatkar was employed by M/s. Arch Infra Projects Nirman Private Limited as a Project Manager, starting on 19.04.2006. His initial salary was ₹15,000 per month, which was later increased to ₹50,000 per month between April 2007 and July 2011. Mr. Darvatkar resigned on 31.03.2017, and his resignation was accepted on 04.04.2017. Despite repeated demands, the company failed to pay his salary for the period from July 2013 to March 2017, resulting in an outstanding amount of ₹22,44,297. The company acknowledged its financial difficulties and inability to pay the debt in communications between April 2017 and December 2017. A demand notice was issued on 17.01.2018 under Section 8 of the Insolvency and Bankruptcy Code, but the company neither paid the amount
…Sign in to view the parties.
Mr. Ajit Madhukar…
Mr. Ajit Madhukar…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Mr. Ajit Madhukar Darvatkar, an Operational Creditor, against M/s. Arch Infra Projects Nirman Private Limited, the Corporate Debtor, for unpaid salary. The Operational Creditor was appointed as Project Manager by the Debtor on 19.04.2006, with a consolidated salary of ₹15,000 per month, later revised to ₹50,000 per month from April 2007 to July 2011. The Operational Creditor resigned on 31.03.2017, which was accepted by the Debtor on 04.04.2017. Despite demands, the Debtor failed to pay the outstanding salary from July 2013 to March 2017, amounting to ₹22,44,297.
Mr. Ajit Madhukar Darvatkar was employed by M/s. Arch Infra Projects Nirman Private Limited as a Project Manager, starting on 19.04.2006. His initial salary was ₹15,000 per month, which was later increased to ₹50,000 per month between April 2007 and July 2011. Mr. Darvatkar resigned on 31.03.2017, and his resignation was accepted on 04.04.2017. Despite repeated demands, the company failed to pay his salary for the period from July 2013 to March 2017, resulting in an outstanding amount of ₹22,44,297. The company acknowledged its financial difficulties and inability to pay the debt in communications between April 2017 and December 2017. A demand notice was issued on 17.01.2018 under Section 8 of the Insolvency and Bankruptcy Code, but the company neither paid the amount
…Mr. Ajit Madhukar…
Mr. Ajit Madhukar…