Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Contributions to Employees State Insurance Corporation treated as a charge on establishment assets and paid in priority under IBC provisions.</h1> Section 47 makes contributions due to the Employees State Insurance Corporation a charge on the assets of the relevant establishment and directs that such amounts be paid in priority in accordance with the Insolvency and Bankruptcy Code, 2016; this provision takes effect from 21-11-2025. The legal effect is to subordinate other claims to these social security contributions by creating a statutory preferential charge and prescribing priority treatment during insolvency proceedings. The provision operates notwithstanding any other law to the contrary and applies to amounts payable under the Chapter.
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