https://www.taxtmi.com/caselaws?id=759694 Provident fund dues, including contribution, interest and damages, are treated as excluded from the liquidation estate under the Insolvency and Bankruptcy Code and are not subjected to distribution under the waterfall in Section 53. The Tribunal states that EPF-related claims under Sections 7A, 7Q and 14B must be paid in full from funds available with the corporate debtor, and any shortfall may be met from its assets before the balance enters liquidation. It also directs removal of attachment over the corporate debtor's bank accounts to enable payment of these statutory dues. en-us Wed, 11 Sep 2024 00:00:00 +0530 Mon, 07 Oct 2024 09:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759694 Provident fund dues, including contribution, interest and damages, are treated as excluded from the liquidation estate under the Insolvency and Bankruptcy Code and are not subjected to distribution under the waterfall in Section 53. The Tribunal states that EPF-related claims under Sections 7A, 7Q and 14B must be paid in full from funds available with the corporate debtor, and any shortfall may be met from its assets before the balance enters liquidation. It also directs removal of attachment over the corporate debtor's bank accounts to enable payment of these statutory dues. Case-Laws IBC Wed, 11 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759694