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Director Salary Priority in Liquidation: Section 53 IBC Waterfall Explained
In most pre-funded private companies in India, especially startups and early-stage ventures, the shareholders are often the same individuals who serve as Directors. These founder-directors not only manage strategic decisions but also work full-time in various operational roles — from product development to finance and business growth. To formalise this working relationship, they typically draw a salary under an Employment Agreement, making them both Directors and Employees of
reetika72
Nov 13, 20255 min read


Your Car, Your Fault? Not Anymore. Supreme Court Redefines Accident Liability
Imagine being the owner of a vehicle, diligently insured, only to face a court order demanding you pay accident compensation out of your...
reetika72
Sep 8, 20254 min read


Ex-Employee Poaching Clients? Delhi High Court clarifies the scope of Confidentiality
Imagine this : You’ve spent years building your company and cultivating a valuable client base. A key employee, who had access to your...
reetika72
Jul 20, 20255 min read
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