No Workmen’s Dues when company goes into liquidation under IBC? SC notice in challenge to Section 327(7) of Companies Act

Murali Krishnan April 16 2019
companies act

A petition has been filed in the Supreme Court challenging the validity of Section 327(7) of the Companies Act, 2013.

A Bench of Chief Justice of India, Ranjan Gogoi and Justice Sanjiv Khanna issued notice to the Central government last week.

The petition has been filed by Karamchari Union of Moserbaer India Ltd., a registered Trade Union.

It is the petitioner’s case that the legitimate dues of its members . . .

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