No Gratuity Payable When Corporate Debtor does not Create a Gratuity Fund: NCLT [Read Order]

Gratuity - Payable - Corporate - Debtor - Gratuity - Fund - NCLT - TAXSCAN

The National Company Law Tribunal (NCLT) of Chandigarh Bench held that Gratuity is not payable when the Corporate Debtor does not create agratuity fund. The applicant is seeking direction against Resolution Professional to release the amount due towards Gratuity, Leave Encashment and salary during the CIRP of the corporate debtor. The applicant has worked in…

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