Fixation of salary of MD’ is not within the domain of IBC: NCLAT

Omega Laser Products B.V. Vs Anil Agrawal (NCLAT Delhi)

It is seen from the record that the remuneration of the MD is a ‘disputed question of fact’. It is not within our domain under IBC to ‘decide the issue of the fixation of the salary of the MD’, but to ascertain if there is any ‘Dispute’ regarding the issue. Having regard to the emails/correspondence and the Minutes on record, we are of the earnest view that the ‘Dispute’ raised is not a feeble legal argument nor is it a spurious one but one which is suppor

Please become a Premium member. If you are already a Premium member, login here to access the full content.