https://www.taxtmi.com/caselaws?id=105470 Provident fund contribution on lay-off wages was treated as part of the employees' admitted claim in winding up because the underlying salary related back to the pre-winding-up period and provident fund liability attached when those wages became payable. The court also held that section 11 of the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 did not create a first charge overriding section 529A of the Companies Act, 1956. Provident fund dues payable to workmen were confined to the statutory pari passu regime under section 529A, where they rank with workmen's dues and secured creditors, rather than enjoying priority outside that scheme. en-us Fri, 13 Jul 2001 00:00:00 +0530 Mon, 05 Mar 2012 17:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105470 Provident fund contribution on lay-off wages was treated as part of the employees' admitted claim in winding up because the underlying salary related back to the pre-winding-up period and provident fund liability attached when those wages became payable. The court also held that section 11 of the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 did not create a first charge overriding section 529A of the Companies Act, 1956. Provident fund dues payable to workmen were confined to the statutory pari passu regime under section 529A, where they rank with workmen's dues and secured creditors, rather than enjoying priority outside that scheme. Case-Laws Companies Law Fri, 13 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105470