https://www.taxtmi.com/caselaws?id=106872 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 was treated as a rehabilitation safeguard, not a bar to recovery of provident fund dues. Employees' provident fund contributions deducted from wages were characterised as statutory trust monies and hard-earned welfare benefits, not company assets. The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 operates as a separate compulsory contribution regime, and the special relaxation under section 14B was noted as limited to damages reduction or waiver for a sick industrial company with a sanctioned rehabilitation scheme. Recovery proceedings, including attachment and appointment of a receiver, were therefore upheld in the provident fund context. en-us Thu, 08 Nov 2001 00:00:00 +0530 Fri, 16 Mar 2012 11:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106872 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 was treated as a rehabilitation safeguard, not a bar to recovery of provident fund dues. Employees' provident fund contributions deducted from wages were characterised as statutory trust monies and hard-earned welfare benefits, not company assets. The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 operates as a separate compulsory contribution regime, and the special relaxation under section 14B was noted as limited to damages reduction or waiver for a sick industrial company with a sanctioned rehabilitation scheme. Recovery proceedings, including attachment and appointment of a receiver, were therefore upheld in the provident fund context. Case-Laws Companies Law Thu, 08 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106872