Probir Kumar Roy Chowdhary, the applicant, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against SPML Infra Limited, the respondent, for initiating the Corporate Insolvency Resolution Process (CIRP). The claim was for Rs. 5,53,385/- along with 18% interest per annum, due to the respondent company's alleged default in clearing the applicant's salary dues. The applicant, an engineer by profession, was employed by the respondent from 15.12.2008 until his retirement on 29.10.2016, having served as General Manager-Projects. The respondent calculated dues of Rs. 8,53,385/- payable to the applicant for 8 years of service.
Probir Kumar Roy Chowdhary, an engineer, was employed by SPML Infra Ltd. from 15.12.2008 to 29.10.2016, retiring as General Manager-Projects. SPML Infra Ltd. calculated that Rs. 8,53,385/- was due to Chowdhary for 8 years of service. Chowdhary claimed Rs. 5,53,385/- along with 18% interest per annum as unpaid salary dues. Chowdhary made multiple attempts to recover the dues, but SPML Infra Ltd. did not respond or make any payments. A statutory notice under Section 8 of the Insolvency and Bankruptcy Code was sent on 10.01.2019 and received on 11.10.2019, but no reply or payment was received. The Tribunal issued a notice to SPML Infra Ltd., which was delivered on 29.04.2019, but SPML Infra Ltd. did not appear for any hearings, leading the Tribunal to proceed ex-parte.
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Probir Kumar Roy…
Probir Kumar Roy…
Probir Kumar Roy Chowdhary, the applicant, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against SPML Infra Limited, the respondent, for initiating the Corporate Insolvency Resolution Process (CIRP). The claim was for Rs. 5,53,385/- along with 18% interest per annum, due to the respondent company's alleged default in clearing the applicant's salary dues. The applicant, an engineer by profession, was employed by the respondent from 15.12.2008 until his retirement on 29.10.2016, having served as General Manager-Projects. The respondent calculated dues of Rs. 8,53,385/- payable to the applicant for 8 years of service.
Probir Kumar Roy Chowdhary, an engineer, was employed by SPML Infra Ltd. from 15.12.2008 to 29.10.2016, retiring as General Manager-Projects. SPML Infra Ltd. calculated that Rs. 8,53,385/- was due to Chowdhary for 8 years of service. Chowdhary claimed Rs. 5,53,385/- along with 18% interest per annum as unpaid salary dues. Chowdhary made multiple attempts to recover the dues, but SPML Infra Ltd. did not respond or make any payments. A statutory notice under Section 8 of the Insolvency and Bankruptcy Code was sent on 10.01.2019 and received on 11.10.2019, but no reply or payment was received. The Tribunal issued a notice to SPML Infra Ltd., which was delivered on 29.04.2019, but SPML Infra Ltd. did not appear for any hearings, leading the Tribunal to proceed ex-parte.
…Probir Kumar Roy…
Probir Kumar Roy…