The case involves a petition filed by Shree Rizwan Khaleel, an operational creditor, against SpiceJet Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The operational creditor claims unpaid dues related to his employment as a pilot with SpiceJet. The corporate debtor disputes the claim, asserting it is barred by limitation and that the operational creditor failed to fulfill his obligations under his employment agreement.
Shree Rizwan Khaleel, the operational creditor, was employed by SpiceJet Ltd., the corporate debtor, as a pilot. He accepted a Letter of Offer on 2011-10-11 and a Letter of Appointment on 2011-11-01. On 2012-09-21, his appointment was confirmed with retrospective effect from 2012-05-01. His annual compensation was enhanced to Rs.65,40,000/- and later to Rs.70,80,000/-. Khaleel resigned on 2016-07-01, effective from 2017-01-01. He submitted his Employee Clearance Form on 2017-01-18, requesting payment of outstanding dues, including salary for November-December 2016, leave encashment, and gratuity. He sent an email on 2017-06-28 seeking payment. On 2019-10-20, SpiceJet provided a No-Objection Certificate. Emails were exchanged on 2019-11-21 regarding pending dues.
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The applicant accepted Letter of Offer dated…
Letter of Appointment…
The case involves a petition filed by Shree Rizwan Khaleel, an operational creditor, against SpiceJet Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The operational creditor claims unpaid dues related to his employment as a pilot with SpiceJet. The corporate debtor disputes the claim, asserting it is barred by limitation and that the operational creditor failed to fulfill his obligations under his employment agreement.
Shree Rizwan Khaleel, the operational creditor, was employed by SpiceJet Ltd., the corporate debtor, as a pilot. He accepted a Letter of Offer on 2011-10-11 and a Letter of Appointment on 2011-11-01. On 2012-09-21, his appointment was confirmed with retrospective effect from 2012-05-01. His annual compensation was enhanced to Rs.65,40,000/- and later to Rs.70,80,000/-. Khaleel resigned on 2016-07-01, effective from 2017-01-01. He submitted his Employee Clearance Form on 2017-01-18, requesting payment of outstanding dues, including salary for November-December 2016, leave encashment, and gratuity. He sent an email on 2017-06-28 seeking payment. On 2019-10-20, SpiceJet provided a No-Objection Certificate. Emails were exchanged on 2019-11-21 regarding pending dues.
…The applicant accepted Letter of Offer dated…
Letter of Appointment…