https://www.taxtmi.com/caselaws?id=127015 Cessation of employment on a company's winding-up order does not amount to deemed superannuation under Rule 61 of the ESI (Central) Rules, 1950. Rule 61 applies only when an insured person leaves insurable employment on attaining superannuation after at least five years' insurance. Although section 445(3) of the Companies Act, 1956 treats a winding-up order as notice of discharge to officers and employees, that statutory discharge is not equivalent to retirement on superannuation. Accordingly, discharge on winding up does not create eligibility for medical benefits under Rule 61. en-us Wed, 07 Apr 2010 00:00:00 +0530 Sat, 11 Oct 2014 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127015 Cessation of employment on a company's winding-up order does not amount to deemed superannuation under Rule 61 of the ESI (Central) Rules, 1950. Rule 61 applies only when an insured person leaves insurable employment on attaining superannuation after at least five years' insurance. Although section 445(3) of the Companies Act, 1956 treats a winding-up order as notice of discharge to officers and employees, that statutory discharge is not equivalent to retirement on superannuation. Accordingly, discharge on winding up does not create eligibility for medical benefits under Rule 61. Case-Laws Companies Law Wed, 07 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127015