https://www.taxtmi.com/caselaws?id=111296 Provident fund dues of workmen in a liquidation are treated as part of workmen's dues under the Companies Act, 1956 and rank pari passu with secured creditors to the extent of the security, because section 529(3)(b)(iv) expressly includes provident fund sums and section 529A gives them overriding priority. Provident fund dues of non-workmen employees do not receive the same treatment: they fall within the lower priority scheme under section 530 and remain subordinate to secured creditors and workmen's dues. The Employees' Provident Funds Act does not displace this statutory hierarchy. en-us Thu, 16 Aug 2007 00:00:00 +0530 Tue, 30 Dec 2014 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111296 Provident fund dues of workmen in a liquidation are treated as part of workmen's dues under the Companies Act, 1956 and rank pari passu with secured creditors to the extent of the security, because section 529(3)(b)(iv) expressly includes provident fund sums and section 529A gives them overriding priority. Provident fund dues of non-workmen employees do not receive the same treatment: they fall within the lower priority scheme under section 530 and remain subordinate to secured creditors and workmen's dues. The Employees' Provident Funds Act does not displace this statutory hierarchy. Case-Laws Companies Law Thu, 16 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111296