# In the matter of Employees Provident Fund Organisation vs. Subhlaxmi Investment Advisory Pvt. Ltd.

> NCLAT judgment dated 2026-01-09. Citation: TCN-2026-NCLAT-00026. The Employees Provident Fund Organisation (EPFO) filed an appeal against the order of the…

- **Court:** NCLAT
- **Order date:** 9 Jan 2026
- **Citation:** TCN-2026-NCLAT-00026
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/employees-provident-fund-organisation-vs-subhlaxmi-investment-advisory-pvt-ltd-a6da2351

## Summary

### Background

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.

## Facts

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.

## Issues and analysis

### Issue 1: Whether the assessment proceedings initiated by EPFO during the moratorium period are valid under …

**Ratio:** Assessment proceedings initiated during the moratorium period are not valid under Section

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**Reasoning:** The tribunal relied on several judgments, including CA Pankaj Shah vs EPFO Company Appeal

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**Interpretation:** Section 14 of the IBC imposes a moratorium on all proceedings against the

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**Application:** In this case, the EPFO initiated assessment proceedings after the commencement

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## Parties

- **Judges:** N. Sesha…; Arun Ba…
- **Appellants:** Employees…
- **Respondents:** Metistech…; SUBHLAXMI…; +1 more
- **Other parties:** IDBI…
- **Advocates:** Gaurav…; Aditi S…

## Timeline

- **2023-11-01 — CIRP Init…**: CIRP of the Corporate Debtor (M/s Metistech…
- **2023-11-03 — Form A Publ…**: RP published Form A to invite…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 61 — Appeals and Appellate Authority](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-61)

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