Tag Archives: section 529A of Companies act 1956

Employee can file winding up of Employer Company for unpaid salary

Whether outstanding or unpaid salary/wages of workman/employee is a ‘debt‘ to be paid by company ? Held, yes Whether no provision of Companies Act excludes dues to be received by employee be it, in service or former employee, from character of a debt to be paid by company ? Held, yes Whether workman is a… Read More »