Mr. Ishwari Chand Kushwaha, the Operational Creditor, filed an application on 2019-10-15 under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. The Indure Private Limited, the Corporate Debtor. The basis for the application was the Corporate Debtor's alleged default in payment of Rs. 5,57,158/-, which included unpaid salary, bonus, medical reimbursements, Provident Fund, Gratuity, Leave encashments, and interest. The Corporate Debtor contested the application, claiming a pre-existing dispute and forum shopping by the Operational Creditor, who had also filed a complaint before the Deputy Labour Commissioner. The Corporate Debtor also filed an application seeking to settle the
…Mr. Ishwari Chand Kushwaha, an Operational Creditor and former employee of M/s. The Indure Private Limited (Corporate Debtor), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP against the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor had defaulted in paying Rs. 5,57,158/-, including unpaid salary for six months (July to December 2018), bonus, medical reimbursements, Provident Fund, Gratuity, Leave encashments, and interest as of 2017-04-01. The Operational Creditor served a statutory demand notice on 2019-07-28. The Corporate Debtor contended that a pre-existing dispute existed because the Operational Creditor had filed a complaint before the Deputy Labour Commissioner under the
…Sign in to view the parties.
Date of the Appointment Letter establishing…
Mr. Ishwari Chand Kushwaha, the…
Mr. Ishwari Chand Kushwaha, the Operational Creditor, filed an application on 2019-10-15 under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. The Indure Private Limited, the Corporate Debtor. The basis for the application was the Corporate Debtor's alleged default in payment of Rs. 5,57,158/-, which included unpaid salary, bonus, medical reimbursements, Provident Fund, Gratuity, Leave encashments, and interest. The Corporate Debtor contested the application, claiming a pre-existing dispute and forum shopping by the Operational Creditor, who had also filed a complaint before the Deputy Labour Commissioner. The Corporate Debtor also filed an application seeking to settle the
…Mr. Ishwari Chand Kushwaha, an Operational Creditor and former employee of M/s. The Indure Private Limited (Corporate Debtor), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP against the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor had defaulted in paying Rs. 5,57,158/-, including unpaid salary for six months (July to December 2018), bonus, medical reimbursements, Provident Fund, Gratuity, Leave encashments, and interest as of 2017-04-01. The Operational Creditor served a statutory demand notice on 2019-07-28. The Corporate Debtor contended that a pre-existing dispute existed because the Operational Creditor had filed a complaint before the Deputy Labour Commissioner under the
…Date of the Appointment Letter establishing…
Mr. Ishwari Chand Kushwaha, the…