https://www.taxtmi.com/caselaws?id=110989 Provident fund dues under section 11(1) of the Employees Provident Funds and Miscellaneous Provisions Act, 1952 have priority over ordinary statutory debts, but they do not displace the pari passu priority given to workmen and secured creditors under section 529A of the Companies Act, 1956. The deemed first charge under section 11(2) also operates subject to existing secured interests and cannot be enforced ahead of section 529A claims in winding up. The provident fund authority must therefore proceed in the manner consistent with the winding-up scheme, and double recovery of provident fund dues through overlapping claims is impermissible. en-us Wed, 31 Aug 2005 00:00:00 +0530 Thu, 19 Apr 2012 14:51:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110989 Provident fund dues under section 11(1) of the Employees Provident Funds and Miscellaneous Provisions Act, 1952 have priority over ordinary statutory debts, but they do not displace the pari passu priority given to workmen and secured creditors under section 529A of the Companies Act, 1956. The deemed first charge under section 11(2) also operates subject to existing secured interests and cannot be enforced ahead of section 529A claims in winding up. The provident fund authority must therefore proceed in the manner consistent with the winding-up scheme, and double recovery of provident fund dues through overlapping claims is impermissible. Case-Laws Companies Law Wed, 31 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110989