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In its recent judgment in State Bank of India vs Moser Baer Karamchari Union[1], the Apex court has reiterated the settled legal position of law pertaining to treatment of Employees provident fund, pension fund and gratuity Fund (EPF Dues) under the Insolvency and Bankruptcy Code, 2016 (Code). The primary reason for various interpretations of how PF dues are treated under the Code ensues from the overlapping nature of certain provisions within the Code itself, the Employees Provident Funds and Miscellaneous Provisions Act, 1952 (EPF Act) and the Companies Act, 2013. The article traces the judicial trend in treatment of EPF dues under the code and analyses the reasoning put forth by various adjudicating authoritie…
Read the full article at: https://corporate.cyrilamarchandblogs.com/2023/05/treatment-of-employees-provident-fund-dues-under-the-ibc/