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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 135 min read
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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 84 min read
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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 205 min read
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