The case involves an Interlocutory Application (IA No. 2943/2022) filed by an ex-employee of Calyx Chemicals and Pharmaceuticals Limited, the Corporate Debtor, on behalf of himself and three other ex-employees. They are claiming gratuity dues under the Payment of Gratuity Act, 1972. The Corporate Debtor was admitted into Corporate Resolution Insolvency Process (CIRP) on 2018-02-06, and a Resolution Plan submitted by Khilari Infrastructure Private Limited and Topnotch Chemicals Private Limited was approved on 2019-01-16. The applicants claim that their gratuity dues were not paid after the approval of the Resolution Plan, because the plan allegedly did not provide for payment to ex-employees not on the rolls at the time of CIRP initiation.
Dnyanaba Namdeo Karande, an ex-employee of Calyx Chemicals and Pharmaceuticals Limited, filed an application on behalf of himself and three other ex-employees seeking gratuity dues under the Payment of Gratuity Act, 1972. Calyx Chemicals and Pharmaceuticals Limited was admitted into Corporate Resolution Insolvency Process (CIRP) on 2018-02-06. A Resolution Plan submitted by Khilari Infrastructure Private Limited and Topnotch Chemicals Private Limited was approved on 2019-01-16. The applicants claim that their gratuity dues were not paid after the approval of the Resolution Plan because the plan allegedly did not provide for payment to ex-employees not on the rolls at the time of CIRP initiation. The applicants submitted their claims to the Insolvency Resolution
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Calyx Chemicals and Pharmaceuticals Limited…
A Resolution Plan submitted by Khilari…
The case involves an Interlocutory Application (IA No. 2943/2022) filed by an ex-employee of Calyx Chemicals and Pharmaceuticals Limited, the Corporate Debtor, on behalf of himself and three other ex-employees. They are claiming gratuity dues under the Payment of Gratuity Act, 1972. The Corporate Debtor was admitted into Corporate Resolution Insolvency Process (CIRP) on 2018-02-06, and a Resolution Plan submitted by Khilari Infrastructure Private Limited and Topnotch Chemicals Private Limited was approved on 2019-01-16. The applicants claim that their gratuity dues were not paid after the approval of the Resolution Plan, because the plan allegedly did not provide for payment to ex-employees not on the rolls at the time of CIRP initiation.
Dnyanaba Namdeo Karande, an ex-employee of Calyx Chemicals and Pharmaceuticals Limited, filed an application on behalf of himself and three other ex-employees seeking gratuity dues under the Payment of Gratuity Act, 1972. Calyx Chemicals and Pharmaceuticals Limited was admitted into Corporate Resolution Insolvency Process (CIRP) on 2018-02-06. A Resolution Plan submitted by Khilari Infrastructure Private Limited and Topnotch Chemicals Private Limited was approved on 2019-01-16. The applicants claim that their gratuity dues were not paid after the approval of the Resolution Plan because the plan allegedly did not provide for payment to ex-employees not on the rolls at the time of CIRP initiation. The applicants submitted their claims to the Insolvency Resolution
…Calyx Chemicals and Pharmaceuticals Limited…
A Resolution Plan submitted by Khilari…