The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking the initiation of the Corporate Insolvency Resolution Process (CIRP) against the respondent, M/s Devang Holdings Pvt. Ltd. The applicant, Kriti Paul Gera, claims to be an operational creditor due to unpaid salary for the months of May, August, November, December 2016, and January 2017. The respondent company has allegedly defaulted on these payments, leading to the filing of this application.
Kriti Paul Gera, the applicant, filed a petition against M/s Devang Holdings Pvt. Ltd., the respondent, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The applicant claimed unpaid salary for the months of May, August, November, December 2016, and January 2017. The applicant started working on 02.01.2016 in the respondent company as VP Community Building and the monthly salary of applicant was fixed at Rs. 90,000/- p.m. thereafter the applicant was appointed as chief community officer and monthly salary of applicant was increased to Rs. 1,00,000/-. The respondent company is incorporated under the provisions of the Companies Act, 1956, having its registered office at 1103, Tolstoy House, Tolstoy Marg, New Delhi-110001. The applicant sent a demand notice to
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The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking the initiation of the Corporate Insolvency Resolution Process (CIRP) against the respondent, M/s Devang Holdings Pvt. Ltd. The applicant, Kriti Paul Gera, claims to be an operational creditor due to unpaid salary for the months of May, August, November, December 2016, and January 2017. The respondent company has allegedly defaulted on these payments, leading to the filing of this application.
Kriti Paul Gera, the applicant, filed a petition against M/s Devang Holdings Pvt. Ltd., the respondent, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The applicant claimed unpaid salary for the months of May, August, November, December 2016, and January 2017. The applicant started working on 02.01.2016 in the respondent company as VP Community Building and the monthly salary of applicant was fixed at Rs. 90,000/- p.m. thereafter the applicant was appointed as chief community officer and monthly salary of applicant was increased to Rs. 1,00,000/-. The respondent company is incorporated under the provisions of the Companies Act, 1956, having its registered office at 1103, Tolstoy House, Tolstoy Marg, New Delhi-110001. The applicant sent a demand notice to
…Applicant started…
Applicant sent a demand notice to the respondent…