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Home Highlights August 2019 Year 2019 This

Initiation of CIRP - Liquidation process - preference of workmen ...


Workmen's Dues Prioritized in CIRP: Provident, Pension, and Gratuity Funds Excluded from Liquidation Estate u/s 53.

August 22, 2019

Case Laws     Insolvency and Bankruptcy     AT

Initiation of CIRP - Liquidation process - preference of workmen for payment of dues - the provident fund, the pension fund and the gratuity fund do not come within the meaning of ‘liquidation estate’ for the purpose of distribution of assets u/s 53.

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