https://www.taxtmi.com/caselaws?id=434632 Provident fund and gratuity dues of employees and workmen are statutorily protected under the Insolvency and Bankruptcy Code and cannot be treated as ordinary claims for partial payment under a resolution plan; they must be paid in full up to the insolvency commencement date, after crediting any sums already disbursed. The approved resolution plan was otherwise not found to suffer from any material irregularity, because objections on undervaluation and process non-compliance were not supported by sufficient evidence to justify wider interference. The plan was therefore substantially upheld, subject to correction for full payment of unpaid provident fund and gratuity dues. en-us Wed, 08 Feb 2023 00:00:00 +0530 Wed, 01 Mar 2023 02:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434632 Provident fund and gratuity dues of employees and workmen are statutorily protected under the Insolvency and Bankruptcy Code and cannot be treated as ordinary claims for partial payment under a resolution plan; they must be paid in full up to the insolvency commencement date, after crediting any sums already disbursed. The approved resolution plan was otherwise not found to suffer from any material irregularity, because objections on undervaluation and process non-compliance were not supported by sufficient evidence to justify wider interference. The plan was therefore substantially upheld, subject to correction for full payment of unpaid provident fund and gratuity dues. Case-Laws Insolvency and Bankruptcy Wed, 08 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434632