21 November 2022


NCLAT: Salary Incrementation is Valid by Employment Agreement or Board Resolution - 16.05.2022

National Company Law Appellate Tribunal, (NCLAT) has observed that salary incrementation is valid only by an employment agreement or board resolution and no claims under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) shall be sustained.

Tags : National Company Law Appellate Tribunal Insolvency and Bankruptcy Code 2016 Section 9

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