https://www.taxtmi.com/caselaws?id=794360 Provident fund, pension fund and gratuity dues are treated as excluded statutory entitlements and do not form part of the liquidation estate merely because no segregated fund exists on the liquidation commencement date. Those dues therefore remain outside the Section 53 waterfall and may be directed to be paid separately by the liquidator. By contrast, salary dues covered by a recovery certificate are not automatically excluded from liquidation and remain subject to the liquidation framework. For computing the 24-month workmen dues look-back, 1,656 days spent in bona fide litigation may be excluded to avoid prejudice caused by delay. en-us Tue, 30 Jun 2026 00:00:00 +0530 Sat, 04 Jul 2026 08:15:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794360 Provident fund, pension fund and gratuity dues are treated as excluded statutory entitlements and do not form part of the liquidation estate merely because no segregated fund exists on the liquidation commencement date. Those dues therefore remain outside the Section 53 waterfall and may be directed to be paid separately by the liquidator. By contrast, salary dues covered by a recovery certificate are not automatically excluded from liquidation and remain subject to the liquidation framework. For computing the 24-month workmen dues look-back, 1,656 days spent in bona fide litigation may be excluded to avoid prejudice caused by delay. Case-Laws IBC Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794360