The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Mr. E N Sakthidharan Menon, an operational creditor, against M/S Tecpro Infra-Projects Limited, the corporate debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP). The applicant claims unpaid salary dues. The applicant was appointed as a Liaison Officer on 15.02.2012, and his appointment was extended multiple times. The corporate debtor expressed its inability to pay salary dues due to financial crisis. The applicant issued a demand notice on 13.05.2019 for Rs. 4,49,220, representing unpaid salary from October 2017 to April 2019. The corporate debtor acknowledged the debt but cited financial difficulties.
Mr. E N Sakthidharan Menon (Applicant) was appointed as 'Liaison Officer' by M/S Tecpro Infra-Projects Limited (Corporate Debtor) on 15.02.2012 with a salary of Rs. 30,000 per month. The appointment was extended multiple times, with the last extension effective until 15.02.2020. The applicant claims that the last salary received was for September 2017. The applicant sent reminder letters to the respondent for the release of salary dues from October 2017. On 24.12.2018, the Corporate Debtor issued a circular expressing its inability to pay salary dues due to financial crisis. On 13.05.2019, the applicant issued a demand notice for Rs. 4,49,220, representing unpaid salary from October 2017 to April 2019. The Corporate Debtor replied on 24.05.2019, stating its inability
…Sign in to view the parties.
Mr. E N Sakthidharan Menon appointed as…
Appointment extended…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Mr. E N Sakthidharan Menon, an operational creditor, against M/S Tecpro Infra-Projects Limited, the corporate debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP). The applicant claims unpaid salary dues. The applicant was appointed as a Liaison Officer on 15.02.2012, and his appointment was extended multiple times. The corporate debtor expressed its inability to pay salary dues due to financial crisis. The applicant issued a demand notice on 13.05.2019 for Rs. 4,49,220, representing unpaid salary from October 2017 to April 2019. The corporate debtor acknowledged the debt but cited financial difficulties.
Mr. E N Sakthidharan Menon (Applicant) was appointed as 'Liaison Officer' by M/S Tecpro Infra-Projects Limited (Corporate Debtor) on 15.02.2012 with a salary of Rs. 30,000 per month. The appointment was extended multiple times, with the last extension effective until 15.02.2020. The applicant claims that the last salary received was for September 2017. The applicant sent reminder letters to the respondent for the release of salary dues from October 2017. On 24.12.2018, the Corporate Debtor issued a circular expressing its inability to pay salary dues due to financial crisis. On 13.05.2019, the applicant issued a demand notice for Rs. 4,49,220, representing unpaid salary from October 2017 to April 2019. The Corporate Debtor replied on 24.05.2019, stating its inability
…Mr. E N Sakthidharan Menon appointed as…
Appointment extended…