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The Economic Times
The Economic Times

Gratuity, leave encashment not part of CIRP cost: NCLAT

NCLAT RP CIRP NCLT

New Delhi, The NCLAT has dismissed an appeal by a former employee of Duncans Industries seeking priority payment of his gratuity and leave encashment dues by classifying them as insolvency resolution process costs.

A three-member bench upheld the earlier order passed by the Kolkata Bench of the National Company Law Tribunal (NCLT), which in September 2024 dismissed the plea of a former director of the previous management of Duncans Industries.

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