Section 53 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) provides for the order of priority in which the proceeds from the sale of liquidation assets is to be distributed. The Section includes workmen due and the amounts payable to
The Ministry of Labour and Employment vide its notification dated 18th December proposes to amend certain provisions of the Payment Gratuity Act, 1972. The bill has been introduced in the Lok Sabha. Highlights: Removal of the maximum amount of gratuity
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