https://www.taxtmi.com/caselaws?id=769809 The Bombay HC ruled that PF dues, including employer contributions under the EPF Act, 1952, constitute employee property held in trust by the employer rather than corporate debtor assets under the IBC, 2016. The court determined that PF contributions create statutory obligations where employers hold funds in trust for employees, not as company assets subject to insolvency proceedings. Consequently, PF claims remain payable by the corporate debtor despite resolution plan approval, as they fall outside IBC scope. The petition challenging this position was dismissed, establishing that employee PF rights survive corporate insolvency processes. en-us Tue, 29 Apr 2025 00:00:00 +0530 Fri, 02 May 2025 08:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769809 The Bombay HC ruled that PF dues, including employer contributions under the EPF Act, 1952, constitute employee property held in trust by the employer rather than corporate debtor assets under the IBC, 2016. The court determined that PF contributions create statutory obligations where employers hold funds in trust for employees, not as company assets subject to insolvency proceedings. Consequently, PF claims remain payable by the corporate debtor despite resolution plan approval, as they fall outside IBC scope. The petition challenging this position was dismissed, establishing that employee PF rights survive corporate insolvency processes. Case-Laws IBC Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769809