Supreme Court · 2019 INSC 1259 · Decided 18 November 2019
MR. Anand Rao Korada Resolution Professional v. M/S. Varsha Fabrics (P) LTD. & ORS.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 1259 · [2019] 14 S.C.R. 695
- Case number
- CIVIL APPEAL No. 8800/2019
- Decided
- 18 November 2019
- Bench
- INDU MALHOTRA, R. SUBHASH REDDY (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- IBC Section 7, 13, 14, 231, 238, 12
Headnote
KORADA RESOLUTION PROFESSIONAL v. M/S. VARSHA FABRICS (P) LTD. & ORS. (Civil Appeal Nos. 8800-8801 of 2019) NOVEMBER 18, 2019 [INDU MALHOTRA AND R. SUBHASH REDDY JJ.] Insolvency and Bankruptcy Code, 2016 - ss.7, 13, 14, 231 and 238 - Respondent No.5 divested its 100% of arrears and current salaries of the workmen - High Court directed Labour court to quantify the amount payable to workmen - During the pendency of the writ petition, a financial creditor filed petition u/s 7 of the IBC, 2016 before NCLT for initiation of the Corporate Insolvency
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