Mr. Amit Naidu, an operational creditor, filed C.P. (IB) No.234/BB/2018 under Section 9 of the IBC, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. PropUrban Advisory Services Private Limited, the corporate debtor, due to a default of Rs. 19,27,828/-. Mr. Naidu claimed unpaid salary dues from his employment with the corporate debtor. The corporate debtor opposed the petition, contending that Mr. Naidu's services were terminated, and his claims were unsubstantiated. The NCLT, Bengaluru Bench, considered the arguments and evidence presented by both parties.
Mr. Amit Naidu was appointed as the Associate Vice President-Sales & Business Development, West Region, of M/s. PropUrban Advisory Services Private Limited (formerly known as Bluering Realtech Private Limited) on May 15, 2017. He joined the services on May 15, 2017, and worked until July 18, 2018. Mr. Naidu received a salary of Rs. 50,000/- until July 2017, but payments stopped thereafter. He repeatedly requested the Corporate Debtor to pay his salary dues. On November 13, 2017, the Corporate Debtor informed Mr. Naidu of its inability to pay the salary. On March 15, 2018, Mr. Naidu issued an email demanding his due salary from August 2017 to May 2018, totaling Rs. 19,50,000/-. In April 2018, the Corporate Debtor paid Rs. 2,00,000/- against the pending salary. The
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M/s. PropUrban Advisory Services Private…
Mr. Amit Naidu was appointed as the…
Mr. Amit Naidu, an operational creditor, filed C.P. (IB) No.234/BB/2018 under Section 9 of the IBC, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. PropUrban Advisory Services Private Limited, the corporate debtor, due to a default of Rs. 19,27,828/-. Mr. Naidu claimed unpaid salary dues from his employment with the corporate debtor. The corporate debtor opposed the petition, contending that Mr. Naidu's services were terminated, and his claims were unsubstantiated. The NCLT, Bengaluru Bench, considered the arguments and evidence presented by both parties.
Mr. Amit Naidu was appointed as the Associate Vice President-Sales & Business Development, West Region, of M/s. PropUrban Advisory Services Private Limited (formerly known as Bluering Realtech Private Limited) on May 15, 2017. He joined the services on May 15, 2017, and worked until July 18, 2018. Mr. Naidu received a salary of Rs. 50,000/- until July 2017, but payments stopped thereafter. He repeatedly requested the Corporate Debtor to pay his salary dues. On November 13, 2017, the Corporate Debtor informed Mr. Naidu of its inability to pay the salary. On March 15, 2018, Mr. Naidu issued an email demanding his due salary from August 2017 to May 2018, totaling Rs. 19,50,000/-. In April 2018, the Corporate Debtor paid Rs. 2,00,000/- against the pending salary. The
…M/s. PropUrban Advisory Services Private…
Mr. Amit Naidu was appointed as the…