The document pertains to several Interlocutory Applications (IAs) filed in a Corporate Insolvency Resolution Process (CIRP) against Lanco Infratech Limited. These applications primarily concern the consideration of a resolution plan submitted by Thriveni Earthmovers Private Limited (TEPL), employee salary and gratuity dues, and the exclusion of certain periods from the CIRP timeline. The Resolution Professional (RP) sought directions from the NCLT to the Committee of Creditors (CoC) to consider the revised resolution plan of TEPL. Several applications were filed by ex-employees seeking directions for the payment of their dues, including salaries, gratuity, and statutory dues.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Lanco Infratech Limited. IDBI Bank Limited is a key creditor. Thriveni Earthmovers Private Limited (TEPL) submitted a resolution plan, which underwent revisions. The Resolution Professional (RP) filed applications seeking directions for the Committee of Creditors (CoC) to consider the revised resolution plan. The CoC expressed difficulty in studying the plan due to time constraints as the CIRP deadline approached. Ex-employees of Lanco Infratech Limited filed applications seeking payment of outstanding salaries, gratuity, and statutory dues, including TDS and EPF. These dues were allegedly not paid for certain periods, including June and July 2017, and from November 2017 to March 2018. The
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The petition f…
Thriveni Earthmovers…
The document pertains to several Interlocutory Applications (IAs) filed in a Corporate Insolvency Resolution Process (CIRP) against Lanco Infratech Limited. These applications primarily concern the consideration of a resolution plan submitted by Thriveni Earthmovers Private Limited (TEPL), employee salary and gratuity dues, and the exclusion of certain periods from the CIRP timeline. The Resolution Professional (RP) sought directions from the NCLT to the Committee of Creditors (CoC) to consider the revised resolution plan of TEPL. Several applications were filed by ex-employees seeking directions for the payment of their dues, including salaries, gratuity, and statutory dues.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Lanco Infratech Limited. IDBI Bank Limited is a key creditor. Thriveni Earthmovers Private Limited (TEPL) submitted a resolution plan, which underwent revisions. The Resolution Professional (RP) filed applications seeking directions for the Committee of Creditors (CoC) to consider the revised resolution plan. The CoC expressed difficulty in studying the plan due to time constraints as the CIRP deadline approached. Ex-employees of Lanco Infratech Limited filed applications seeking payment of outstanding salaries, gratuity, and statutory dues, including TDS and EPF. These dues were allegedly not paid for certain periods, including June and July 2017, and from November 2017 to March 2018. The
…The petition f…
Thriveni Earthmovers…