The case involves multiple Interlocutory Applications (IAs) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against International Mega Food Park Limited. IA No. 300/2020 concerns a former employee's claim for unpaid gratuity, leave encashment, and salary during the CIRP period. IA No. 586/2020 addresses the Resolution Professional's request for the suspended directors to pay car rental and return vehicles belonging to the corporate debtor. IA No. 942/2020 pertains to the Resolution Professional's application seeking direction against the respondent to deliver the Refrigeration Vehicle and make payment of Rs.9,94,372/- as per calculation shown in Annexure A-8 with further directions to make payment of rent from 01-12-2020 up to the
…Small Industries Development Bank of India (SIDBI) initiated Corporate Insolvency Resolution Process (CIRP) against International Mega Food Park Limited, which was admitted on 2019-02-28. Rakesh Sharma, an ex-employee of International Mega Food Park Limited, filed an application (IA No. 300/2020) seeking direction against the Resolution Professional to release amounts due towards gratuity, leave encashment, and salary during the CIRP period. Sharma worked as AGM Accounts and Finance for 7 years and was terminated on 2019-05-18. The Resolution Professional replied that only the current month's salary would be dispersed. Sharma had previously filed CA No. 411/2019 challenging his termination, which was dismissed with liberty to prefer any claim with regard to his
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CP (IB) No.174/Chd/Chd/2…
Corporate Insolvency Resolution Process (CIRP)…
The case involves multiple Interlocutory Applications (IAs) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against International Mega Food Park Limited. IA No. 300/2020 concerns a former employee's claim for unpaid gratuity, leave encashment, and salary during the CIRP period. IA No. 586/2020 addresses the Resolution Professional's request for the suspended directors to pay car rental and return vehicles belonging to the corporate debtor. IA No. 942/2020 pertains to the Resolution Professional's application seeking direction against the respondent to deliver the Refrigeration Vehicle and make payment of Rs.9,94,372/- as per calculation shown in Annexure A-8 with further directions to make payment of rent from 01-12-2020 up to the
…Small Industries Development Bank of India (SIDBI) initiated Corporate Insolvency Resolution Process (CIRP) against International Mega Food Park Limited, which was admitted on 2019-02-28. Rakesh Sharma, an ex-employee of International Mega Food Park Limited, filed an application (IA No. 300/2020) seeking direction against the Resolution Professional to release amounts due towards gratuity, leave encashment, and salary during the CIRP period. Sharma worked as AGM Accounts and Finance for 7 years and was terminated on 2019-05-18. The Resolution Professional replied that only the current month's salary would be dispersed. Sharma had previously filed CA No. 411/2019 challenging his termination, which was dismissed with liberty to prefer any claim with regard to his
…CP (IB) No.174/Chd/Chd/2…
Corporate Insolvency Resolution Process (CIRP)…