https://www.taxtmi.com/caselaws?id=439383 Provident fund dues are treated as outside the liquidation estate and cannot be reduced through distribution under the insolvency waterfall; they must be paid in full. The same protection was applied to gratuity dues, on the basis that employee welfare amounts preserved under the applicable labour law cannot be diluted in a resolution process. A resolution plan that provides only partial payment would conflict with the statutory scheme and impair its validity. The dues were therefore required to be included and honoured in full in the resolution plan. en-us Wed, 21 Jun 2023 00:00:00 +0530 Thu, 22 Jun 2023 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439383 Provident fund dues are treated as outside the liquidation estate and cannot be reduced through distribution under the insolvency waterfall; they must be paid in full. The same protection was applied to gratuity dues, on the basis that employee welfare amounts preserved under the applicable labour law cannot be diluted in a resolution process. A resolution plan that provides only partial payment would conflict with the statutory scheme and impair its validity. The dues were therefore required to be included and honoured in full in the resolution plan. Case-Laws Insolvency and Bankruptcy Wed, 21 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439383