These appeals were filed by workmen/employees of Excel Glasses Limited under Section 42 of the Insolvency & Bankruptcy Code, 2016, aggrieved by the liquidator's decision dated 02.01.2020 regarding their claims. An application under Section 7 of the IBC, 2016 was filed by Boon Investment and Trading Company Private Limited against Excel Glasses Limited before the NCLT, Chennai Bench. The application was admitted on March 26, 2019, initiating the Corporate Insolvency Resolution Process (CIRP). As no resolution plan was received, a liquidation order was passed on October 21, 2019, and Mr. Ravindra Chaturvedi was appointed as the Liquidator. The Liquidator issued a public announcement on 22.10.2019, calling upon stakeholders to submit proof of their claims by 20.11.2019.

These appeals were filed by workmen/employees of Excel Glasses Limited under Section 42 of the Insolvency & Bankruptcy Code, 2016, aggrieved by the liquidator's decision dated 02.01.2020 regarding their claims. An application under Section 7 of the IBC, 2016 was filed by Boon Investment and Trading Company Private Limited against Excel Glasses Limited before the NCLT, Chennai Bench. The application was admitted on March 26, 2019, initiating the Corporate Insolvency Resolution Process (CIRP). As no resolution plan was received, a liquidation order was passed on October 21, 2019, and Mr. Ravindra Chaturvedi was appointed as the Liquidator. The Liquidator issued a public announcement on 22.10.2019, calling upon stakeholders to submit proof of their claims by 20.11.2019.