The case involves an application filed by M/s. Mudali Associates, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. SDF Industries Ltd., the Corporate Debtor. The Operational Creditor claims that the Corporate Debtor defaulted on payments for labor supplied for washing, filling, sealing, labeling, and packing bottles. The Corporate Debtor disputes the claim, stating that the workers were employees of the Operational Creditor and that the Corporate Debtor is not liable for their wages and statutory dues. The Operational Creditor contends that the Corporate Debtor is responsible for all statutory obligations as per the labor contract agreement.
M/s. Mudali Associates, the Operational Creditor, filed an application under Section 9 of the IBC to initiate CIRP against M/s. SDF Industries Ltd., the Corporate Debtor. The Operational Creditor is a sole proprietorship engaged in supplying laborers for washing, filling, sealing, labeling, and packing bottles for the Corporate Debtor. A labor contract agreement was signed between the parties in 2017, which was extended from time to time. The Operational Creditor claimed that the Corporate Debtor defaulted on payments since May 2020, amounting to Rs. 4,55,91,108.46 along with interest. The Corporate Debtor denied the claim, stating that the workers were employees of the Operational Creditor and that the Corporate Debtor is not liable for their wages and statutory dues.
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A labour contract agreement was signed…
M/s. SDF Industries Ltd. allegedly defaulted on…
The case involves an application filed by M/s. Mudali Associates, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. SDF Industries Ltd., the Corporate Debtor. The Operational Creditor claims that the Corporate Debtor defaulted on payments for labor supplied for washing, filling, sealing, labeling, and packing bottles. The Corporate Debtor disputes the claim, stating that the workers were employees of the Operational Creditor and that the Corporate Debtor is not liable for their wages and statutory dues. The Operational Creditor contends that the Corporate Debtor is responsible for all statutory obligations as per the labor contract agreement.
M/s. Mudali Associates, the Operational Creditor, filed an application under Section 9 of the IBC to initiate CIRP against M/s. SDF Industries Ltd., the Corporate Debtor. The Operational Creditor is a sole proprietorship engaged in supplying laborers for washing, filling, sealing, labeling, and packing bottles for the Corporate Debtor. A labor contract agreement was signed between the parties in 2017, which was extended from time to time. The Operational Creditor claimed that the Corporate Debtor defaulted on payments since May 2020, amounting to Rs. 4,55,91,108.46 along with interest. The Corporate Debtor denied the claim, stating that the workers were employees of the Operational Creditor and that the Corporate Debtor is not liable for their wages and statutory dues.
…A labour contract agreement was signed…
M/s. SDF Industries Ltd. allegedly defaulted on…