https://www.taxtmi.com/caselaws?id=419563 A resolution plan under the Insolvency and Bankruptcy Code cannot lawfully omit full provident fund dues, because approval under Section 31(1) remains subject to compliance with Section 30(2) and other statutory requirements. Provident fund amounts are excluded from the liquidation estate under Section 36(4)(a)(iii), and Section 17B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 makes the transferee liable for such dues up to the date of transfer. The tribunal treated payment of the admitted provident fund liability as a justiciable legal obligation, not a matter of commercial wisdom, and modified the resolution plan to direct full payment. en-us Fri, 11 Mar 2022 00:00:00 +0530 Tue, 15 Mar 2022 08:26:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419563 A resolution plan under the Insolvency and Bankruptcy Code cannot lawfully omit full provident fund dues, because approval under Section 31(1) remains subject to compliance with Section 30(2) and other statutory requirements. Provident fund amounts are excluded from the liquidation estate under Section 36(4)(a)(iii), and Section 17B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 makes the transferee liable for such dues up to the date of transfer. The tribunal treated payment of the admitted provident fund liability as a justiciable legal obligation, not a matter of commercial wisdom, and modified the resolution plan to direct full payment. Case-Laws Insolvency and Bankruptcy Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419563