Court Affirms Provident Fund Dues and Interest Exempt from Insolvency Waterfall Mechanism, Upholds Sections 14B & 7Q EPF Act.

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....CIRP - resolution plan - claim of priority over other creditors - PF and allied dues, including interest of the employees - the contention of the Learned Counsel for the Respondent that the Penal damages and Interest under Section 14B and 7Q of the EPF & Miscellaneous Act 1952 levied by the Applicant, should be covered under the waterfall mechanism, goes against the well-established position of law. - The PF authorities are entitled to the satisfaction of the full claim in relation to the PF dues including interest. - Tri....