Insolvency and bankruptcy code,2016

Querist : Anonymous (Querist) 05 March 2022 This query is : Resolved
The RP of the company currently in CIRP has denied to pay the workers who are coming to the plant on the basis of No work no pay policy.
Query : Can RP eliminate employee cost during the CIRP ?

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kavksatyanarayana (Expert) 05 March 2022
The employees and workmen have to file the claim in FORM D i.e. Proof of Claim by a Workman or Employee, Under Regulation 9 of the Insolvency and Bankruptcy (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

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