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 operational debt amounting to Rs. 10.50 lakhs.
Arul Prasad Senniappan was appointed as Director (Operations) of Viprah Technologies Limited.
The Director Employment Agreement (DEA) was executed on 01.08.2015.
Arul Prasad Senniappan's remuneration was Rs. 70,000 per month.
Viprah Technologies Limited allegedly defaulted on salary payments amounting to Rs. 10.50 lakhs for the period 01.01.2016 to 31.03.2017.
Arul Prasad Senniappan issued a demand notice on 16.09.2019.
The Corporate Debtor argued that the claim was barred by limitation and that there was a pre-existing dispute.
The Corporate Debtor alleged that Arul Prasad Senniappan violated the Non-Disclosure and Non-Compete Agreement (NDNCA).
The NCLAT remanded the matter back to the NCLT for reconsideration after setting aside the earlier dismissal order.
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Director Employment Agreement (DEA)…
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 operational debt amounting to Rs. 10.50 lakhs.
Arul Prasad Senniappan was appointed as Director (Operations) of Viprah Technologies Limited.
The Director Employment Agreement (DEA) was executed on 01.08.2015.
Arul Prasad Senniappan's remuneration was Rs. 70,000 per month.
Viprah Technologies Limited allegedly defaulted on salary payments amounting to Rs. 10.50 lakhs for the period 01.01.2016 to 31.03.2017.
Arul Prasad Senniappan issued a demand notice on 16.09.2019.
The Corporate Debtor argued that the claim was barred by limitation and that there was a pre-existing dispute.
The Corporate Debtor alleged that Arul Prasad Senniappan violated the Non-Disclosure and Non-Compete Agreement (NDNCA).
The NCLAT remanded the matter back to the NCLT for reconsideration after setting aside the earlier dismissal order.
…Director Employment Agreement (DEA)…
Period for which salary…