Arul Prasad Senniappan, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Viprah Technologies Limited, the corporate debtor, for unpaid salary dues amounting to Rs. 10.50 lakhs.
Arul Prasad Senniappan was appointed as Director (Operations) of Viprah Technologies Limited on 01.08.2015.
The applicant's remuneration was fixed at Rs. 70,000 per month.
The applicant claimed unpaid salary dues of Rs. 10.50 lakhs for the period from 01.01.2016 to 31.03.2017.
The applicant issued a demand notice on 16.09.2019.
The respondent argued that the claim was barred by limitation and there was a pre-existing dispute.
The respondent alleged that the applicant had breached fiduciary duties and violated non-compete agreements.
The Minutes of Meeting dated 15.12.2018 acknowledged the outstanding dues.
The NCLAT remanded the matter for reconsideration after the NCLT initially dismissed the application.
Sign in to view the parties.
Arul Prasad Senniappan was appointed as…
Period for which salary…
Arul Prasad Senniappan, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Viprah Technologies Limited, the corporate debtor, for unpaid salary dues amounting to Rs. 10.50 lakhs.
Arul Prasad Senniappan was appointed as Director (Operations) of Viprah Technologies Limited on 01.08.2015.
The applicant's remuneration was fixed at Rs. 70,000 per month.
The applicant claimed unpaid salary dues of Rs. 10.50 lakhs for the period from 01.01.2016 to 31.03.2017.
The applicant issued a demand notice on 16.09.2019.
The respondent argued that the claim was barred by limitation and there was a pre-existing dispute.
The respondent alleged that the applicant had breached fiduciary duties and violated non-compete agreements.
The Minutes of Meeting dated 15.12.2018 acknowledged the outstanding dues.
The NCLAT remanded the matter for reconsideration after the NCLT initially dismissed the application.
Arul Prasad Senniappan was appointed as…
Period for which salary…