The case involves a Company Petition filed by Mr. R.Gururaj, an Operational Creditor, against White Horse Network Services Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the I&B (Application to Adjudicating Authority) Rules, 2016. The petition seeks to initiate the Corporate Insolvency Resolution Process (CIRP) due to the Corporate Debtor's failure to pay arrears of salary amounting to Rs. 3,74,000/- despite a demand notice being issued and acknowledged.
Mr. R.Gururaj, an Operational Creditor, filed a Company Petition against White Horse Network Services Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was incorporated on 07.11.2014. Mr. Gururaj was employed as an Accounts Executive with the Corporate Debtor, with an annual gross salary of Rs. 2,80,000/-. The Corporate Debtor failed to pay salary and other allowances for the period from 30.04.2017 to 28.02.2018, amounting to Rs. 3,74,000/-. A demand notice was issued on 20.03.2018, which the Corporate Debtor acknowledged, but failed to pay the outstanding amount. The petition seeks to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Corporate Debtor did not
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White Horse Network…
Mr. Gururaj was offered…
The case involves a Company Petition filed by Mr. R.Gururaj, an Operational Creditor, against White Horse Network Services Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the I&B (Application to Adjudicating Authority) Rules, 2016. The petition seeks to initiate the Corporate Insolvency Resolution Process (CIRP) due to the Corporate Debtor's failure to pay arrears of salary amounting to Rs. 3,74,000/- despite a demand notice being issued and acknowledged.
Mr. R.Gururaj, an Operational Creditor, filed a Company Petition against White Horse Network Services Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was incorporated on 07.11.2014. Mr. Gururaj was employed as an Accounts Executive with the Corporate Debtor, with an annual gross salary of Rs. 2,80,000/-. The Corporate Debtor failed to pay salary and other allowances for the period from 30.04.2017 to 28.02.2018, amounting to Rs. 3,74,000/-. A demand notice was issued on 20.03.2018, which the Corporate Debtor acknowledged, but failed to pay the outstanding amount. The petition seeks to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Corporate Debtor did not
…White Horse Network…
Mr. Gururaj was offered…