What would be the claim that would be paid out to Workmen and the Employees?
CS Professional · Insolvency and Bankruptcy - Law and Practice · PYQS · December 2024
What would be the claim that would be paid out to Workmen and the Employees?
Answer & Explanation:
Workmen wages claimed and admitted for a period of last 24 Months is ₹18 Crores, Employees claim admitted for last 12 months is ₹15 Crores will be paid in total as per section 53 of IBC, 2016.
Topics: Resolution Process
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