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Workmen Dues Of Pension, Gratuity, PF Not Included In Liquidation Assets : NCLAT Affirms NCLT View [Read Judgment]

Workmen Dues Of Pension, Gratuity, PF Not Included In Liquidation Assets : NCLAT Affirms NCLT View [Read Judgment]

The Appellate Tribunal confirmed that the dues should be paid to the workers directly, and would not fall under the waterfall mechanism of distribution of assets under section 53 of the IBC.

20 Aug 2019 3:34 AM GMT
Workmens Dues Of Pension, Gratuity, PF Not Included In Liquidation Estate Assets :NCLT [Read Judgment]

Workmen's Dues Of Pension, Gratuity, PF Not Included In Liquidation Estate Assets :NCLT [Read Judgment]

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 ...

25 March 2019 9:19 AM GMT