The Employees Provident Fund Organization (EPFO) filed an application under Section 42 of the Insolvency & Bankruptcy Code, 2016 against Mr. Sreekumar Radhakrishnan Nair, the liquidator of Kalpyog Chemicals Private Limited, seeking to quash an order dated 26.04.2023 passed by the liquidator regarding provident fund dues of Rs. 15,29,995. The EPFO claimed priority over other claims for these dues. The Corporate Debtor, Kalpyog Chemicals Private Limited, was admitted into CIRP on 29.08.2019, and a liquidation order was passed on 21.09.2020, appointing Mr. Nair as liquidator. The liquidator had already paid dues under sections 7A and 7Q of the Act, and a dissolution order under section 54 of the IBC was passed on 14.12.2022.
The Employees Provident Fund Organization (EPFO) filed an appeal against Mr. Sreekumar Radhakrishnan Nair, the liquidator of Kalpyog Chemicals Private Limited. The appeal challenged the liquidator's order dated 26.04.2023 regarding provident fund dues of Rs. 15,29,995. Kalpyog Chemicals Private Limited was admitted to CIRP on 29.08.2019, and a liquidation order was passed on 21.09.2020, appointing Mr. Nair as liquidator. The liquidator had paid Rs. 25,50,007 on 06.07.2022 towards dues under sections 7A and 7Q of the Act. A dissolution order under section 54 of the IBC was passed on 14.12.2022. The EPFO claimed priority over other claims based on Section 11(2) of the EPF & MP Act, 1952. The liquidator argued that the dues were part of the liquidation estate and
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Corporate D…
Order for liquidation…
The Employees Provident Fund Organization (EPFO) filed an application under Section 42 of the Insolvency & Bankruptcy Code, 2016 against Mr. Sreekumar Radhakrishnan Nair, the liquidator of Kalpyog Chemicals Private Limited, seeking to quash an order dated 26.04.2023 passed by the liquidator regarding provident fund dues of Rs. 15,29,995. The EPFO claimed priority over other claims for these dues. The Corporate Debtor, Kalpyog Chemicals Private Limited, was admitted into CIRP on 29.08.2019, and a liquidation order was passed on 21.09.2020, appointing Mr. Nair as liquidator. The liquidator had already paid dues under sections 7A and 7Q of the Act, and a dissolution order under section 54 of the IBC was passed on 14.12.2022.
The Employees Provident Fund Organization (EPFO) filed an appeal against Mr. Sreekumar Radhakrishnan Nair, the liquidator of Kalpyog Chemicals Private Limited. The appeal challenged the liquidator's order dated 26.04.2023 regarding provident fund dues of Rs. 15,29,995. Kalpyog Chemicals Private Limited was admitted to CIRP on 29.08.2019, and a liquidation order was passed on 21.09.2020, appointing Mr. Nair as liquidator. The liquidator had paid Rs. 25,50,007 on 06.07.2022 towards dues under sections 7A and 7Q of the Act. A dissolution order under section 54 of the IBC was passed on 14.12.2022. The EPFO claimed priority over other claims based on Section 11(2) of the EPF & MP Act, 1952. The liquidator argued that the dues were part of the liquidation estate and
…Corporate D…
Order for liquidation…