Workmen's Provident, Pension, and Gratuity Fund Dues Excluded from Liquidation Estate Under Insolvency Code Section 53.

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....Distribution of assets - Workmen dues - whether part of liquidation estate assets or not? - The provident fund dues, pension funds dues and gratuity fund dues are not treated as a part of the liquidation estate and would not, therefore, be recovered by Section 53 of the Code which provides for waterfall mechanism....