https://www.taxtmi.com/caselaws?id=173493 Section 11(2) of the Employees' Provident Funds and Miscellaneous Provisions Act creates a statutory first charge on the establishment's assets and requires employer dues to be paid in priority to other debts notwithstanding any other law. In winding-up proceedings, that priority prevails over competing claims under Section 529A of the Companies Act, 1956 because Section 529A gives priority only within its own scheme and does not displace the EPF Act's overriding mandate. The later Companies Act amendment does not dilute the EPF Act's express priority, so the employer's provident fund dues are payable first. en-us Tue, 08 Nov 2011 00:00:00 +0530 Tue, 27 Sep 2016 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173493 Section 11(2) of the Employees' Provident Funds and Miscellaneous Provisions Act creates a statutory first charge on the establishment's assets and requires employer dues to be paid in priority to other debts notwithstanding any other law. In winding-up proceedings, that priority prevails over competing claims under Section 529A of the Companies Act, 1956 because Section 529A gives priority only within its own scheme and does not displace the EPF Act's overriding mandate. The later Companies Act amendment does not dilute the EPF Act's express priority, so the employer's provident fund dues are payable first. Case-Laws Companies Law Tue, 08 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173493