The case involves an application filed by Mr. Sasank Kiran Panda, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. The Indure Private Limited, the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor withheld bonus, medical reimbursements, Provident Fund, Gratuity, Leave encashments, etc., with a total default amount of Rs. 2,93,613/- as of 01.04.2017. The Corporate Debtor contested the application, stating a pre-existing dispute due to deficiencies in services under the employment contract dated 22.03.2011. The Corporate Debtor alleged that the Applicant habitually took leaves without permission and engaged in malicious and
…Mr. Sasank Kiran Panda, the Operational Creditor, filed an application on 30.09.2019 under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s. The Indure Private Limited, the Corporate Debtor. The Operational Creditor claimed a default amount of Rs. 2,93,613/- as of 01.04.2017, due to withheld bonus, medical reimbursements, Provident Fund, Gratuity, Leave encashments, etc. The Operational Creditor worked as a Safety Officer with the Corporate Debtor from March 2011 to November 2016. The Corporate Debtor argued that the petition was not maintainable due to a pre-existing dispute related to deficiencies in services under the employment contract dated 22.03.2011. The Corporate Debtor alleged that the Applicant habitually took leaves
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The Operational…
The Contract of…
The case involves an application filed by Mr. Sasank Kiran Panda, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. The Indure Private Limited, the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor withheld bonus, medical reimbursements, Provident Fund, Gratuity, Leave encashments, etc., with a total default amount of Rs. 2,93,613/- as of 01.04.2017. The Corporate Debtor contested the application, stating a pre-existing dispute due to deficiencies in services under the employment contract dated 22.03.2011. The Corporate Debtor alleged that the Applicant habitually took leaves without permission and engaged in malicious and
…Mr. Sasank Kiran Panda, the Operational Creditor, filed an application on 30.09.2019 under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s. The Indure Private Limited, the Corporate Debtor. The Operational Creditor claimed a default amount of Rs. 2,93,613/- as of 01.04.2017, due to withheld bonus, medical reimbursements, Provident Fund, Gratuity, Leave encashments, etc. The Operational Creditor worked as a Safety Officer with the Corporate Debtor from March 2011 to November 2016. The Corporate Debtor argued that the petition was not maintainable due to a pre-existing dispute related to deficiencies in services under the employment contract dated 22.03.2011. The Corporate Debtor alleged that the Applicant habitually took leaves
…The Operational…
The Contract of…