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The NCLT Ahmedabad recently clarified that contributions due from a company to the Employees State Insurance Corporation (ESIC) do not fall under the category of “workers dues” under the IBC.
Ajmera: Coffee Day Global, which operates Cafe Coffee Day chain, was admitted in bankruptcy court for insolvency proceedings on the behest of IndusInd Bank, which filed a claim in court that the company had defaulted on term loans of Rs 115 crore that were disbursed to it in 2019.
A Tribunal heard the airline company at length on its prayer seeking imposition of interim moratorium.
A response by the Union Ministry of Corporate Affairs to a parliamentary question revealed that 21,205 cases were pending with NCLT benches, including 12,963 cases under the IBC.