Read the article ‘Twin Conditions to be Satisfied: SC on Claims of Wages/Salaries’ authored by our Partner, Ravi Charan Pentapati and Associate, Niharika Agarwal, published on Mondaq.
“The current judgement propounded by Hon’ble Supreme Court clarifies the position of workman/employees and sets the law clear regarding claims towards wages and salaries for the period during CIRP can only be included in the CIRP costs if it is established that the IRP/Resolution Professional managed the operations of the Corporate Debtor as a Going Concern during the CIRP and that the concerned workmen/employees actually worked during the CIRP and not otherwise.”
Read the full article here.
The article has also been published as follows:
Legal Desire: Click Here