The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Mr. Prasun Sengupta, an operational creditor, against New Kolkata International Development Private Limited, the corporate debtor. Mr. Sengupta, who was the CEO of the corporate debtor, claimed unpaid dues as per his employment agreement, including salary, bonus, and other benefits. The corporate debtor allegedly failed to pay these dues despite multiple communications and acknowledgements of the debt. The corporate debtor challenged the maintainability of the petition, citing limitation and the authority of the person who signed the application.
Mr. Prasun Sengupta, the operational creditor, was the CEO of New Kolkata International Development Private Limited, the corporate debtor. As per the terms of his employment agreement, he was entitled to basic salary, bonus, medical benefits, and other dues. He worked from March 2010 to July 20, 2015, completing a 5-year term. He claimed eligibility for retention bonus, LTA, leave encashment, bonus, and gratuity. On August 7, 2015, the corporate debtor determined the dues owed to the operational creditor and communicated this via email. Despite subsequent emails from the operational creditor, the dues remained unpaid. The corporate debtor challenged the maintainability of the application, citing limitation and the authority of the person who signed the application. The
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Mr. Prasun Sengupta started employment with New…
Mr. Prasun Sengupta's employment with New…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Mr. Prasun Sengupta, an operational creditor, against New Kolkata International Development Private Limited, the corporate debtor. Mr. Sengupta, who was the CEO of the corporate debtor, claimed unpaid dues as per his employment agreement, including salary, bonus, and other benefits. The corporate debtor allegedly failed to pay these dues despite multiple communications and acknowledgements of the debt. The corporate debtor challenged the maintainability of the petition, citing limitation and the authority of the person who signed the application.
Mr. Prasun Sengupta, the operational creditor, was the CEO of New Kolkata International Development Private Limited, the corporate debtor. As per the terms of his employment agreement, he was entitled to basic salary, bonus, medical benefits, and other dues. He worked from March 2010 to July 20, 2015, completing a 5-year term. He claimed eligibility for retention bonus, LTA, leave encashment, bonus, and gratuity. On August 7, 2015, the corporate debtor determined the dues owed to the operational creditor and communicated this via email. Despite subsequent emails from the operational creditor, the dues remained unpaid. The corporate debtor challenged the maintainability of the application, citing limitation and the authority of the person who signed the application. The
…Mr. Prasun Sengupta started employment with New…
Mr. Prasun Sengupta's employment with New…