Workmen’s Dues Of Pension, Gratuity, PF Not Included In Liquidation Estate Assets

26
03/2019

Workmen’s Dues Of Pension, Gratuity, PF Not Included In Liquidation Estate Assets

In (IB)-378(PB)/2017, Alchemist Asset Reconstruction Co. Ltd. vs Moser Baer India Limited,  the New Delhi bench of National Company Law Tribunal has ruled that dues of provident fund, pension and gratuity do not form part of liquidation estate of corporate debtor and cannot be included in the assets to be liquidated for settling claims of creditors as per Section 53 of the Insolvency and Bankruptcy Code.

Full News Link:- https://www.livelaw.in/news-updates/wokmens-dues-of-pension-gratuity-pf-not-included-in-liquidation-estate-assets-nclt-read-judgment-143805

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