Delayed Employee Claims Dismissed in CIRP After Resolution Plan Approval

Nitin Vasant Adate Vs Ravi Sethia (NCLT Mumbai) The National Company Law Tribunal (NCLT), Mumbai, in the matter of Nitin Vasant Adate Vs Ravi Sethia, considered six Interlocutory Applications (I.A.s) filed by former employees of Indo Global Soft Solutions and Technologies Pvt. Ltd. (the Corporate Debtor, or CD) against the Resolution Professional (RP) appointed under the Insolvency and Bankruptcy Code (IBC), seeking admission of their claims for unpaid salary, provident fund (PF), professional tax, TDS, and full and final settlement amounts. The six Applicants—Mr. Dinesh Kharva, Mr. Avinash ...