This is an appeal filed by Mr. Munesh Kumar Goel under Section 42 of the Insolvency and Bankruptcy Code, 2016, against the liquidator's decision to reject his claim for payment of Rs. 74,68,468 in the voluntary liquidation process of M/s OTC Exchange of India. The appellant sought a declaration that the proceedings of the creditors' meeting held on 07.03.2019 were void due to lack of notice. The appellant claimed benefits for ex-gratia under the Compulsory Retirement Scheme of the Corporate Person, including 3-month notice pay, interest on ex-gratia, and delayed payments on gratuity, asserting entitlement to 22 months' gross pay under the scheme and a three-month notice period. The liquidator informed the appellant via email on 13.05.2019 that the Board, in its meeting
…Mr. Munesh Kumar Goel filed an appeal under Section 42 of the Insolvency and Bankruptcy Code, 2016, against the liquidator's decision to reject his claim for Rs. 74,68,468 in the voluntary liquidation of M/s OTC Exchange of India. The appellant sought a declaration that the creditors' meeting held on 07.03.2019 was void due to lack of notice. The appellant claimed ex-gratia benefits under the Compulsory Retirement Scheme, including 3-month notice pay, interest on ex-gratia, and delayed gratuity payments, asserting entitlement to 22 months' gross pay and a three-month notice period. The liquidator informed the appellant on 13.05.2019 that the Board, in its meeting on 29.08.2016, decided that Mr. Goel would be considered for the Compulsory Retirement Scheme until he was
…Sign in to view the parties.
The Board decided that Mr. Munesh Kumar…
Termination of Mr.…
This is an appeal filed by Mr. Munesh Kumar Goel under Section 42 of the Insolvency and Bankruptcy Code, 2016, against the liquidator's decision to reject his claim for payment of Rs. 74,68,468 in the voluntary liquidation process of M/s OTC Exchange of India. The appellant sought a declaration that the proceedings of the creditors' meeting held on 07.03.2019 were void due to lack of notice. The appellant claimed benefits for ex-gratia under the Compulsory Retirement Scheme of the Corporate Person, including 3-month notice pay, interest on ex-gratia, and delayed payments on gratuity, asserting entitlement to 22 months' gross pay under the scheme and a three-month notice period. The liquidator informed the appellant via email on 13.05.2019 that the Board, in its meeting
…Mr. Munesh Kumar Goel filed an appeal under Section 42 of the Insolvency and Bankruptcy Code, 2016, against the liquidator's decision to reject his claim for Rs. 74,68,468 in the voluntary liquidation of M/s OTC Exchange of India. The appellant sought a declaration that the creditors' meeting held on 07.03.2019 was void due to lack of notice. The appellant claimed ex-gratia benefits under the Compulsory Retirement Scheme, including 3-month notice pay, interest on ex-gratia, and delayed gratuity payments, asserting entitlement to 22 months' gross pay and a three-month notice period. The liquidator informed the appellant on 13.05.2019 that the Board, in its meeting on 29.08.2016, decided that Mr. Goel would be considered for the Compulsory Retirement Scheme until he was
…The Board decided that Mr. Munesh Kumar…
Termination of Mr.…