https://www.taxtmi.com/caselaws?id=309685 On transfer of an establishment, liability for provident fund dues under the Act continues to attach to the establishment, so damages under Section 14B may be recovered from the transferee-employer jointly and severally with the transferor, subject to the statutory cap linked to the value of assets received. The transfer arrangement does not defeat statutory recovery, and Section 14B damages are treated as part of the sums recoverable for default in provident fund payments. Interest under Section 7Q is also recoverable on the amount due because the provision makes simple interest mandatory from the date the amount became due until actual payment, without requiring separate equitable discretion. en-us Wed, 02 Jul 2014 00:00:00 +0530 Fri, 15 Sep 2023 21:27:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309685 On transfer of an establishment, liability for provident fund dues under the Act continues to attach to the establishment, so damages under Section 14B may be recovered from the transferee-employer jointly and severally with the transferor, subject to the statutory cap linked to the value of assets received. The transfer arrangement does not defeat statutory recovery, and Section 14B damages are treated as part of the sums recoverable for default in provident fund payments. Interest under Section 7Q is also recoverable on the amount due because the provision makes simple interest mandatory from the date the amount became due until actual payment, without requiring separate equitable discretion. Case-Laws Indian Laws Wed, 02 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309685