https://www.taxtmi.com/caselaws?id=159620 A pledge transfers only special property to the pawnee, while general ownership remains with the employer, so pledged goods may still form part of the establishment's assets for provident fund recovery. Section 11(2) of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 creates a first charge on the assets of the establishment and gives provident fund dues priority over all other debts, including prior secured claims such as a pledge. The expression "any amount due" also includes interest under Section 7Q and damages under Section 14B, ensuring the recovery mechanism covers the full statutory dues package. en-us Thu, 08 Oct 2009 00:00:00 +0530 Mon, 07 Jul 2025 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159620 A pledge transfers only special property to the pawnee, while general ownership remains with the employer, so pledged goods may still form part of the establishment's assets for provident fund recovery. Section 11(2) of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 creates a first charge on the assets of the establishment and gives provident fund dues priority over all other debts, including prior secured claims such as a pledge. The expression "any amount due" also includes interest under Section 7Q and damages under Section 14B, ensuring the recovery mechanism covers the full statutory dues package. Case-Laws Companies Law Thu, 08 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159620