https://www.taxtmi.com/caselaws?id=426640 Statutory provident fund dues and recovery action under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 remain enforceable during corporate insolvency resolution, because the insolvency framework cannot be used to defeat liabilities required by applicable law. The Tribunal noted that such dues are not part of the corporate debtor's distributable assets and that any resolution plan must comply with Section 30(2)(e) of the Insolvency and Bankruptcy Code, 2016. It also indicated that the resolution professional must pursue the remedies available under the provident fund legislation rather than seek blanket protection from lawful recovery. Relief against the lien and recovery proceedings was rejected. en-us Wed, 03 Aug 2022 00:00:00 +0530 Tue, 23 Aug 2022 08:20:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426640 Statutory provident fund dues and recovery action under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 remain enforceable during corporate insolvency resolution, because the insolvency framework cannot be used to defeat liabilities required by applicable law. The Tribunal noted that such dues are not part of the corporate debtor's distributable assets and that any resolution plan must comply with Section 30(2)(e) of the Insolvency and Bankruptcy Code, 2016. It also indicated that the resolution professional must pursue the remedies available under the provident fund legislation rather than seek blanket protection from lawful recovery. Relief against the lien and recovery proceedings was rejected. Case-Laws Insolvency and Bankruptcy Wed, 03 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426640