The Operational Creditor, Tathagata Bhattacharya, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor, World Consulting & Research Corporation Pvt. Ltd. (WCRC). The Operational Creditor claimed unpaid salary and expenses amounting to Rs. 39,78,800/-. The Corporate Debtor argued that the Operational Creditor was not their employee but an employee of WCR Media Private Limited. The Operational Creditor had previously filed a Company Petition in the High Court, which was later transferred to the NCLT.
Tathagata Bhattacharya, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against World Consulting & Research Corporation Pvt. Ltd. (WCRC), the Corporate Debtor, claiming unpaid salary and expenses amounting to Rs. 39,78,800/-. He joined the company on 01.09.2013 at a monthly remuneration of Rs. 2,25,000/-. The Corporate Debtor allegedly failed to deposit tax deducted at source and supply TDS certificates, leading to additional penal interest for the Operational Creditor. The Operational Creditor resigned on 19.12.2014, effective 18.02.2015. The Corporate Debtor argued that the Operational Creditor was an employee of WCR Media Private Limited, not WCRC. The Operational Creditor had previously filed a Company
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Tathagata Bhattacharya…
The Operational…
The Operational Creditor, Tathagata Bhattacharya, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor, World Consulting & Research Corporation Pvt. Ltd. (WCRC). The Operational Creditor claimed unpaid salary and expenses amounting to Rs. 39,78,800/-. The Corporate Debtor argued that the Operational Creditor was not their employee but an employee of WCR Media Private Limited. The Operational Creditor had previously filed a Company Petition in the High Court, which was later transferred to the NCLT.
Tathagata Bhattacharya, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against World Consulting & Research Corporation Pvt. Ltd. (WCRC), the Corporate Debtor, claiming unpaid salary and expenses amounting to Rs. 39,78,800/-. He joined the company on 01.09.2013 at a monthly remuneration of Rs. 2,25,000/-. The Corporate Debtor allegedly failed to deposit tax deducted at source and supply TDS certificates, leading to additional penal interest for the Operational Creditor. The Operational Creditor resigned on 19.12.2014, effective 18.02.2015. The Corporate Debtor argued that the Operational Creditor was an employee of WCR Media Private Limited, not WCRC. The Operational Creditor had previously filed a Company
…Tathagata Bhattacharya…
The Operational…