The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by multiple operational creditors (ex-employees) against Karvy Digikonnect Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP) due to unpaid salaries and benefits amounting to Rs. 1,71,09,652/-.
Nazim Shaikh and others, former employees of Karvy Digikonnect Limited, filed an application under Section 9 of the IBC as operational creditors.
The operational creditors claimed a total outstanding amount of Rs. 1,71,09,652/- for unpaid salaries and benefits.
The Corporate Debtor, Karvy Digikonnect Limited, failed to clear the dues of the operational creditors despite repeated requests.
The operational creditors issued a demand notice dated 15.03.2023 to the Corporate Debtor.
The Corporate Debtor did not respond to the demand notice or make any payment to the operational creditors.
The Adjudicating Authority decided to proceed ex-parte against the Respondent/Corporate Debtor as they did not appear before the authority despite several notices.
…Sign in to view the parties.
Corporate Debtor appointed Operational…
Operational Creditors issued Form 3 'Demand…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by multiple operational creditors (ex-employees) against Karvy Digikonnect Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP) due to unpaid salaries and benefits amounting to Rs. 1,71,09,652/-.
Nazim Shaikh and others, former employees of Karvy Digikonnect Limited, filed an application under Section 9 of the IBC as operational creditors.
The operational creditors claimed a total outstanding amount of Rs. 1,71,09,652/- for unpaid salaries and benefits.
The Corporate Debtor, Karvy Digikonnect Limited, failed to clear the dues of the operational creditors despite repeated requests.
The operational creditors issued a demand notice dated 15.03.2023 to the Corporate Debtor.
The Corporate Debtor did not respond to the demand notice or make any payment to the operational creditors.
The Adjudicating Authority decided to proceed ex-parte against the Respondent/Corporate Debtor as they did not appear before the authority despite several notices.
…Corporate Debtor appointed Operational…
Operational Creditors issued Form 3 'Demand…