The Regional Provident Fund Commissioner, EPFO Regional Office, Jamshedpur, filed an appeal challenging the order dated 11.05.2021 passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata in IA(IB) No. 1332/KB/2020, which approved the Resolution Plan. The CIRP was initiated against R.D. Rubber Reclaim Limited on 25.10.2019. The appellant submitted claims under Sections 7A, 7Q, and 14B of the Employees' Provident Funds & Miscellaneous Provisions Act, 1952. The Resolution Professional admitted the entire amount claimed. The Resolution Plan was approved by the Committee of Creditors (CoC) with 100% vote share on 06.11.2020. The Adjudicating Authority approved the Resolution Plan on 11.05.2021, proposing payment of the amount claimed
…The Corporate Insolvency Resolution Process (CIRP) against ‘R.D. Rubber Reclaim Limited' commenced on 25.10.2019. A public announcement was made on 02.11.2019. The Regional P.F. Commissioner submitted a claim on 28.08.2020 for Rs.1,02,84,785/- under Section 7A, Rs.75,62,576/- under Section 7Q, and Rs.1,05,63,927/- under Section 14B of the Employees' Provident Funds & Miscellaneous Provisions Act, 1952. The Resolution Professional admitted the entire amount claimed. The Resolution Plan was approved by the Committee of Creditors (CoC) with 100% vote share on 06.11.2020. The Adjudicating Authority approved the Resolution Plan on 11.05.2021, proposing payment of Rs.1,02,84,785/- under Section 7A but no payment for amounts claimed under Sections 7Q and 14B. The
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The Regional Provident Fund Commissioner, EPFO Regional Office, Jamshedpur, filed an appeal challenging the order dated 11.05.2021 passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata in IA(IB) No. 1332/KB/2020, which approved the Resolution Plan. The CIRP was initiated against R.D. Rubber Reclaim Limited on 25.10.2019. The appellant submitted claims under Sections 7A, 7Q, and 14B of the Employees' Provident Funds & Miscellaneous Provisions Act, 1952. The Resolution Professional admitted the entire amount claimed. The Resolution Plan was approved by the Committee of Creditors (CoC) with 100% vote share on 06.11.2020. The Adjudicating Authority approved the Resolution Plan on 11.05.2021, proposing payment of the amount claimed
…The Corporate Insolvency Resolution Process (CIRP) against ‘R.D. Rubber Reclaim Limited' commenced on 25.10.2019. A public announcement was made on 02.11.2019. The Regional P.F. Commissioner submitted a claim on 28.08.2020 for Rs.1,02,84,785/- under Section 7A, Rs.75,62,576/- under Section 7Q, and Rs.1,05,63,927/- under Section 14B of the Employees' Provident Funds & Miscellaneous Provisions Act, 1952. The Resolution Professional admitted the entire amount claimed. The Resolution Plan was approved by the Committee of Creditors (CoC) with 100% vote share on 06.11.2020. The Adjudicating Authority approved the Resolution Plan on 11.05.2021, proposing payment of Rs.1,02,84,785/- under Section 7A but no payment for amounts claimed under Sections 7Q and 14B. The
…Corporate Insolvency Resolution Process (CIRP)…
Public announce…
Sign in to view related legal provisions.