Despite Corporate Insolvency Proceedings, employee is entitled to gratuity: Calcutta HC - Business Manager

The third largest tennis tournament in Austria is about to take place. Salzburg Open in Volksgarten will definitely not take place this year as last in Volksgarten. The first day of the insolvency proceedings against the Salzburg Tennisopen Gmbh is about to take place.

Despite Corporate Insolvency Proceedings, employee is entitled to gratuity: Calcutta HC - Business Manager

Calcutta High Court, in M/s. Stesalit Limited vs. Union of India & Ors. (WPA 532 of 2025), recently held that gratuity payments are excluded from a corporate debtor’s estate under the Insolvency and Bankruptcy Code, 2016 (“IBC“) and distinct from other liabilities. The court observed that a Corporate Insolvency Resolution Process leads to a change in management but does not extinguish the company’s labor law obligations. Consequently, the court …