The Employees Provident Fund Organisation (EPFO) filed an appeal against the order of the National Company Law Tribunal (NCLT), Cuttack Bench, which approved a Resolution Plan for Metistech Fabrication Private Limited. EPFO contested the plan because it only provisioned ₹5,000 against their claim of ₹18,35,528 towards EPF dues.
CIRP was initiated against Metistech Fabrication Private Limited on 01.11.2023.
RP published Form A on 03.11.2023 to invite claims from creditors.
RP intimated EPFO about the CIRP initiation on 21.11.2023.
EPFO filed a claim of ₹50,676 on 22.12.2023 in a letter form.
EPFO later revised its claim to ₹18,33,528 on 28.12.2023.
The Resolution Plan submitted by Subhlaxmi Investment Advisory Pvt. Ltd was approved by CoC on 21.09.2024 with 100% votes.
The Adjudicating Authority approved the resolution plan on 28.03.2025.
The resolution plan provisioned only ₹5,000 towards EPFO dues.
Sign in to view the parties.
CIRP of the Corporate…
RP published Form A to…
The Employees Provident Fund Organisation (EPFO) filed an appeal against the order of the National Company Law Tribunal (NCLT), Cuttack Bench, which approved a Resolution Plan for Metistech Fabrication Private Limited. EPFO contested the plan because it only provisioned ₹5,000 against their claim of ₹18,35,528 towards EPF dues.
CIRP was initiated against Metistech Fabrication Private Limited on 01.11.2023.
RP published Form A on 03.11.2023 to invite claims from creditors.
RP intimated EPFO about the CIRP initiation on 21.11.2023.
EPFO filed a claim of ₹50,676 on 22.12.2023 in a letter form.
EPFO later revised its claim to ₹18,33,528 on 28.12.2023.
The Resolution Plan submitted by Subhlaxmi Investment Advisory Pvt. Ltd was approved by CoC on 21.09.2024 with 100% votes.
The Adjudicating Authority approved the resolution plan on 28.03.2025.
The resolution plan provisioned only ₹5,000 towards EPFO dues.
CIRP of the Corporate…
RP published Form A to…