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Employees Can File Winding Up Petition As Creditor Claiming Recovery Of Unpaid Salary

The Bombay High Court in Mr Sanjay Sadanand Varrier v/s M/s Power Horse India Pvt.Ltd. has held that a winding up petition filed by an employee under Section 439 r/w sections 433(e) and 434 of the Companies Act, 1956, as a creditor based on the claim of recovery of his unpaid salary and wages is maintainable.

Article referred: http://www.livelaw.in/winding-petition-employee-creditor-claiming-recovery-unpaid-salary-maintainable-bombay-hc/

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