https://www.taxtmi.com/caselaws?id=781863 A statutory first charge created by the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 prevails over a later non obstante priority clause under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The secured creditor may proceed with sale of the mortgaged assets, but the sale proceeds must first satisfy provident fund dues, including contribution-related liability for interest and damages, before any balance is applied to the secured debt. The workmen's unpaid wage claims were not quantified and had been rejected on delay, leaving them to seek determination before the appropriate forum. en-us Thu, 20 Nov 2025 00:00:00 +0530 Sat, 22 Nov 2025 07:36:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781863 A statutory first charge created by the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 prevails over a later non obstante priority clause under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The secured creditor may proceed with sale of the mortgaged assets, but the sale proceeds must first satisfy provident fund dues, including contribution-related liability for interest and damages, before any balance is applied to the secured debt. The workmen's unpaid wage claims were not quantified and had been rejected on delay, leaving them to seek determination before the appropriate forum. Case-Laws Indian Laws Thu, 20 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781863