https://www.taxtmi.com/caselaws?id=764290 Moratorium under the Insolvency and Bankruptcy Code bars continuation of Employees' Provident Fund assessment proceedings that create or crystallise liabilities against a corporate debtor during the corporate insolvency resolution process. Claims founded on assessments conducted during the moratorium cannot be admitted, as they arise from prohibited proceedings. Claims lodged only after the Committee of Creditors has approved a resolution plan are also not ordinarily entertainable, particularly where the underlying assessment is barred by the moratorium. The stated outcome is that rejection of such claims was upheld and the appeals failed. en-us Fri, 03 Jan 2025 00:00:00 +0530 Tue, 07 Jan 2025 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764290 Moratorium under the Insolvency and Bankruptcy Code bars continuation of Employees' Provident Fund assessment proceedings that create or crystallise liabilities against a corporate debtor during the corporate insolvency resolution process. Claims founded on assessments conducted during the moratorium cannot be admitted, as they arise from prohibited proceedings. Claims lodged only after the Committee of Creditors has approved a resolution plan are also not ordinarily entertainable, particularly where the underlying assessment is barred by the moratorium. The stated outcome is that rejection of such claims was upheld and the appeals failed. Case-Laws IBC Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764290