https://www.taxtmi.com/article/detailed?id=10813 Section 11(2) priority deems provident fund dues a first charge such that, in insolvency proceedings, admitted provident fund claims verified by the resolution professional are not assets of the corporate debtor and are not subject to pro rata distribution; resolution plans that fail to provide full payment of such admitted PF dues are inconsistent with the statutory priority and the Code's exclusionary distribution scheme and thus require the balance of admitted PF claims to be satisfied by the successful resolution applicant. en-us Wed, 16 Nov 2022 14:50:21 +0530 Wed, 16 Nov 2022 14:50:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10813 Section 11(2) priority deems provident fund dues a first charge such that, in insolvency proceedings, admitted provident fund claims verified by the resolution professional are not assets of the corporate debtor and are not subject to pro rata distribution; resolution plans that fail to provide full payment of such admitted PF dues are inconsistent with the statutory priority and the Code's exclusionary distribution scheme and thus require the balance of admitted PF claims to be satisfied by the successful resolution applicant. Articles Other Topics Wed, 16 Nov 2022 14:50:21 +0530 https://www.taxtmi.com/article/detailed?id=10813