Anand Prakash Garg, the Operational Creditor, was employed by Knorr-Bremse India Private Limited, the Corporate Debtor, as Managing Director from August 1, 2008, to December 31, 2020. His employment was governed by an Employment Agreement dated July 8, 2009. Upon termination via a notice dated December 30, 2020, the employee was entitled to Rs. 6,62,60,076/- towards gratuity, superannuation benefits, performance bonus, leave encashment, and leave travel assistance. The Corporate Debtor allegedly failed to make these payments. The Operational Creditor claims a default of Rs. 1,88,04,397/-, which occurred on December 31, 2021. A demand notice was issued on April 20, 2022, and the Corporate Debtor replied on May 9, 2022. The Corporate Debtor argues that there is a

Anand Prakash Garg, the Operational Creditor, was employed by Knorr-Bremse India Private Limited, the Corporate Debtor, as Managing Director from August 1, 2008, to December 31, 2020. His employment was governed by an Employment Agreement dated July 8, 2009. Upon termination via a notice dated December 30, 2020, the employee was entitled to Rs. 6,62,60,076/- towards gratuity, superannuation benefits, performance bonus, leave encashment, and leave travel assistance. The Corporate Debtor allegedly failed to make these payments. The Operational Creditor claims a default of Rs. 1,88,04,397/-, which occurred on December 31, 2021. A demand notice was issued on April 20, 2022, and the Corporate Debtor replied on May 9, 2022. The Corporate Debtor argues that there is a