https://www.taxtmi.com/caselaws?id=110897 Provident fund contributions deducted from wages and the employer's matching contribution are treated as protected statutory social security dues, and section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 is construed narrowly so as not to block their recovery during BIFR proceedings. The provision is aimed at shielding sick industrial companies from coercive recovery that would frustrate rehabilitation, but not at allowing retention of employees' legitimate provident fund entitlements. The limited relaxation introduced in section 14B of the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 for damages in specified sick company cases confirms that the underlying provident fund dues themselves remain recoverable. en-us Tue, 10 Oct 2006 00:00:00 +0530 Thu, 19 Apr 2012 10:57:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110897 Provident fund contributions deducted from wages and the employer's matching contribution are treated as protected statutory social security dues, and section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 is construed narrowly so as not to block their recovery during BIFR proceedings. The provision is aimed at shielding sick industrial companies from coercive recovery that would frustrate rehabilitation, but not at allowing retention of employees' legitimate provident fund entitlements. The limited relaxation introduced in section 14B of the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 for damages in specified sick company cases confirms that the underlying provident fund dues themselves remain recoverable. Case-Laws Companies Law Tue, 10 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110897