This case involves an application filed by Manoj Seth, the Operational Creditor, against Larsen and Toubro Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) due to unpaid salary and other dues. The Operational Creditor was employed by the Corporate Debtor as a Senior Manager (Mechanical) and later designated as the Project Manager for the Bharatpur-Gangapur-Hindaun Sewerage Project. Following incidents at the project site, the Operational Creditor was asked to resign, leading to disputes over employment dues. The Operational Creditor issued a statutory Demand Notice, which the Corporate Debtor replied to, denying any outstanding payments. The application was
…Manoj Seth, the Operational Creditor, was employed by Larsen and Toubro Limited, the Corporate Debtor, as a Senior Manager (Mechanical) starting March 26, 2013. He was later appointed Project Manager for the Bharatpur-Gangapur-Hindaun Sewerage Project. In 2018, incidents at the project site led to injuries to workers, and the Operational Creditor was asked to resign. He sought relieving from his job from July 14, 2018, and settlement of his employment dues. A dispute arose regarding the payment of salary, ESOP Cash-Out-Allowance (ECAL), and Retention Pay. The Operational Creditor issued a Demand Notice on January 30, 2019, claiming Rs.7,04,508/-. The Corporate Debtor replied on February 23, 2019, denying any outstanding payments, citing that the Operational Creditor
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Operational Creditor…
Operational Creditor appointed as Project…
This case involves an application filed by Manoj Seth, the Operational Creditor, against Larsen and Toubro Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) due to unpaid salary and other dues. The Operational Creditor was employed by the Corporate Debtor as a Senior Manager (Mechanical) and later designated as the Project Manager for the Bharatpur-Gangapur-Hindaun Sewerage Project. Following incidents at the project site, the Operational Creditor was asked to resign, leading to disputes over employment dues. The Operational Creditor issued a statutory Demand Notice, which the Corporate Debtor replied to, denying any outstanding payments. The application was
…Manoj Seth, the Operational Creditor, was employed by Larsen and Toubro Limited, the Corporate Debtor, as a Senior Manager (Mechanical) starting March 26, 2013. He was later appointed Project Manager for the Bharatpur-Gangapur-Hindaun Sewerage Project. In 2018, incidents at the project site led to injuries to workers, and the Operational Creditor was asked to resign. He sought relieving from his job from July 14, 2018, and settlement of his employment dues. A dispute arose regarding the payment of salary, ESOP Cash-Out-Allowance (ECAL), and Retention Pay. The Operational Creditor issued a Demand Notice on January 30, 2019, claiming Rs.7,04,508/-. The Corporate Debtor replied on February 23, 2019, denying any outstanding payments, citing that the Operational Creditor
…Operational Creditor…
Operational Creditor appointed as Project…