The case originates from CP/599/IB/2017, involving KAC Yarn Pvt Ltd. An application, MA/45/2019, was filed by 49 employees of KAC Yarn Pvt Ltd. The employees, represented by Rohan Ratasekharan, claimed they had not made any claims during the CIRP or liquidation process. The court noted the presence of counsels from both sides. The core issue revolves around the admissibility of the workmen's claims by the liquidator, even in the absence of prior claim submissions, based on the books of accounts of the corporate debtor.

The case originates from CP/599/IB/2017, involving KAC Yarn Pvt Ltd. An application, MA/45/2019, was filed by 49 employees of KAC Yarn Pvt Ltd. The employees, represented by Rohan Ratasekharan, claimed they had not made any claims during the CIRP or liquidation process. The court noted the presence of counsels from both sides. The core issue revolves around the admissibility of the workmen's claims by the liquidator, even in the absence of prior claim submissions, based on the books of accounts of the corporate debtor.