https://www.taxtmi.com/caselaws?id=300760 Section 17-B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 fastens joint and several liability on a transferee only within the limits of the assets transferred, and the provision did not extend to a purchaser who acquired an industrial unit in a liquidation auction by operation of law. Because the purchaser started a fresh unit, employed new staff, obtained a new provident fund code, and did not take over the earlier establishment as a going concern, it could not be treated as having stepped into the shoes of the prior employer for past provident fund dues or damages. The recovery orders for pre-transfer liabilities were therefore quashed, while the authorities were left free to proceed against the liquidator or original establishment in accordance with law. en-us Mon, 07 Mar 2011 00:00:00 +0530 Wed, 23 Feb 2022 17:39:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300760 Section 17-B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 fastens joint and several liability on a transferee only within the limits of the assets transferred, and the provision did not extend to a purchaser who acquired an industrial unit in a liquidation auction by operation of law. Because the purchaser started a fresh unit, employed new staff, obtained a new provident fund code, and did not take over the earlier establishment as a going concern, it could not be treated as having stepped into the shoes of the prior employer for past provident fund dues or damages. The recovery orders for pre-transfer liabilities were therefore quashed, while the authorities were left free to proceed against the liquidator or original establishment in accordance with law. Case-Laws Indian Laws Mon, 07 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300760