https://www.taxtmi.com/caselaws?id=769809 Provident fund contributions, including the employer's share, are treated as employee-owned amounts held in trust and not as assets of the corporate debtor for insolvency resolution purposes. The insolvency framework is distinct from liquidation, but the resolution professional must still ensure that the resolution plan complies with existing law and statutory protections for provident fund dues. An approved resolution plan does not by itself extinguish provident fund claims or bar recovery proceedings where the dues remain outside the debtor's estate and are safeguarded by the special provident fund statute. en-us Tue, 29 Apr 2025 00:00:00 +0530 Fri, 02 May 2025 08:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769809 Provident fund contributions, including the employer's share, are treated as employee-owned amounts held in trust and not as assets of the corporate debtor for insolvency resolution purposes. The insolvency framework is distinct from liquidation, but the resolution professional must still ensure that the resolution plan complies with existing law and statutory protections for provident fund dues. An approved resolution plan does not by itself extinguish provident fund claims or bar recovery proceedings where the dues remain outside the debtor's estate and are safeguarded by the special provident fund statute. Case-Laws IBC Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769809