The petitioner, Puneet Sharma, an ex-employee of Pineyards Solutions Pvt. Ltd. (Corporate Debtor), filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, claiming unpaid salary. He alleged that he was appointed as a project manager with an employment agreement dated 2016-10-11, but did not receive salary from October 2016 to November 2017. He received partial amounts from December 2017 until his termination in August 2018, which he claimed was without the agreed notice period. He claimed Rs. 6,70,441/- as the defaulted operational debt. A demand notice was issued under Section 8 of the IBC, which was replied to, denying the liability.
Puneet Sharma, the petitioner, claimed to be an ex-employee of Pineyards Solutions Pvt. Ltd., the Corporate Debtor. He filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking unpaid salary amounting to Rs. 6,70,441/-. He stated that he was appointed as a project manager on 2016-10-11, but did not receive salary from October 2016 to November 2017, and received partial amounts thereafter until his termination in August 2018. The Corporate Debtor contended that the engagement was performance-based, and the petitioner failed to meet targets. They cited absenteeism, poor performance, and integrity issues as grounds for termination. They also presented a letter offering equity and a revised salary offer of Rs. 35,000/- per month from December
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Employment agreement dated 2016-10-11 was…
Operational Creditor…
The petitioner, Puneet Sharma, an ex-employee of Pineyards Solutions Pvt. Ltd. (Corporate Debtor), filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, claiming unpaid salary. He alleged that he was appointed as a project manager with an employment agreement dated 2016-10-11, but did not receive salary from October 2016 to November 2017. He received partial amounts from December 2017 until his termination in August 2018, which he claimed was without the agreed notice period. He claimed Rs. 6,70,441/- as the defaulted operational debt. A demand notice was issued under Section 8 of the IBC, which was replied to, denying the liability.
Puneet Sharma, the petitioner, claimed to be an ex-employee of Pineyards Solutions Pvt. Ltd., the Corporate Debtor. He filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking unpaid salary amounting to Rs. 6,70,441/-. He stated that he was appointed as a project manager on 2016-10-11, but did not receive salary from October 2016 to November 2017, and received partial amounts thereafter until his termination in August 2018. The Corporate Debtor contended that the engagement was performance-based, and the petitioner failed to meet targets. They cited absenteeism, poor performance, and integrity issues as grounds for termination. They also presented a letter offering equity and a revised salary offer of Rs. 35,000/- per month from December
…Employment agreement dated 2016-10-11 was…
Operational Creditor…