Salary recovery under IBC 2016
3 years ago
I have worked in private company for one year and resigned in june 2019 by serving notice period. I requested mailed and called them to pay my remaining salary which is aprox 1.5L. They still haven't paid yet. Plz advice me what should I do ? and can IBC 2016 help me out ?
Thanks
ARUN WIGHMAL
Responded 3 years ago
A.As per the latest notification dated 24.03.2020 and latest amendment in IBC Act, the threshold limit to file case in NCLT under IBC is increased from 1 lac to 1 crore. It means any default below 1 crore will not give right to the creditor to file case under IBC. You may explore other legal options such as civil suit to recover your legitimate dues from the company.
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