The petition was 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, by Archit Kaushal, an Operational Creditor, against Ex-Servicemen's Multipurpose Services (India) Private Limited, the Corporate Debtor. The petitioner claimed a default in payment of salary and difference in salaries. The petitioner had furnished Form No. 5 under Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules 2016 in the capacity of Operational Creditor on 23rd November, 2017.
Archit Kaushal, the Operational Creditor, filed a petition against Ex-Servicemen's Multipurpose Services (India) Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming a default in payment of salary and difference in salaries. The total principal amount in default was stated to be Rs. 19,89,563. The petitioner was appointed as a GM Operations on 21.12.2009 by the Respondent Company. The details of the outstanding amounts included reimbursement of difference in salary from January 2010 to August 2011 (Rs. 4,04,000), reimbursement of difference in salary from October 2011 to March 2012 (Rs. 1,27,200), reimbursement of unpaid salary for a period of 9 months (Rs. 5,27,040), Ex-Gratia Performance bonus for 9 years of
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The petition was 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, by Archit Kaushal, an Operational Creditor, against Ex-Servicemen's Multipurpose Services (India) Private Limited, the Corporate Debtor. The petitioner claimed a default in payment of salary and difference in salaries. The petitioner had furnished Form No. 5 under Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules 2016 in the capacity of Operational Creditor on 23rd November, 2017.
Archit Kaushal, the Operational Creditor, filed a petition against Ex-Servicemen's Multipurpose Services (India) Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming a default in payment of salary and difference in salaries. The total principal amount in default was stated to be Rs. 19,89,563. The petitioner was appointed as a GM Operations on 21.12.2009 by the Respondent Company. The details of the outstanding amounts included reimbursement of difference in salary from January 2010 to August 2011 (Rs. 4,04,000), reimbursement of difference in salary from October 2011 to March 2012 (Rs. 1,27,200), reimbursement of unpaid salary for a period of 9 months (Rs. 5,27,040), Ex-Gratia Performance bonus for 9 years of
…Petitioner appointed as…
Petitioner issued a…