The case involves an application filed by Nandish Patel, an operational creditor, against M.V. Omni Projects (India) Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for non-payment of salary. Nandish Patel claimed that the corporate debtor failed to pay his salary for several months despite his requests and pleas, causing him financial damages and losses. The corporate debtor raised objections, including the existence of a pre-existing dispute and the inclusion of interest on a personal loan in the claimed amount.
Nandish Patel, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M.V. Omni Projects (India) Limited, the corporate debtor, for non-payment of salary. Patel claimed he worked for the company from August 2017 to January 2019, initially as Chief Operating Officer (COO) and later with additional charge as Chief Financial Officer (CFO). He alleged that the company failed to pay his salary for several months in 2018 and 2019, despite repeated requests. The outstanding amount claimed was Rs. 14,71,885/-. Patel submitted evidence of his employment, salary slips, e-mail communications, and a demand notice. The corporate debtor argued that there was a pre-existing dispute and that the claimed amount included interest
…Sign in to view the parties.
Nandish Patel started working with M.V. Omni…
The respondent company failed to make payment…
The case involves an application filed by Nandish Patel, an operational creditor, against M.V. Omni Projects (India) Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for non-payment of salary. Nandish Patel claimed that the corporate debtor failed to pay his salary for several months despite his requests and pleas, causing him financial damages and losses. The corporate debtor raised objections, including the existence of a pre-existing dispute and the inclusion of interest on a personal loan in the claimed amount.
Nandish Patel, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M.V. Omni Projects (India) Limited, the corporate debtor, for non-payment of salary. Patel claimed he worked for the company from August 2017 to January 2019, initially as Chief Operating Officer (COO) and later with additional charge as Chief Financial Officer (CFO). He alleged that the company failed to pay his salary for several months in 2018 and 2019, despite repeated requests. The outstanding amount claimed was Rs. 14,71,885/-. Patel submitted evidence of his employment, salary slips, e-mail communications, and a demand notice. The corporate debtor argued that there was a pre-existing dispute and that the claimed amount included interest
…Nandish Patel started working with M.V. Omni…
The respondent company failed to make payment…