The case involves applications IA 1696 and IA 1085 of 2020 in CP (IB) 1374/MB/C-II/2017 before the National Company Law Tribunal (NCLT), Mumbai Bench, Court-II. These applications were filed by the Liquidator of Petron Engineering Construction Limited, the Corporate Debtor, challenging the legality of orders issued by The Regional PF Commissioner (I) & Anr. under the EPF & MP Act. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 23.03.2018, and a moratorium was imposed. Despite being informed of the moratorium, the Respondent issued summons and orders demanding payments towards provident fund dues, interest, damages, and penalty. The Liquidator contends that these actions violate the moratorium and Section 33(5)
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Petron Engineering Construction Limited on 23.03.2018, and a moratorium was imposed under Section 14 of the Insolvency and Bankruptcy Code (IBC). The Regional PF Commissioner (I) & Anr., despite being informed of the moratorium, issued summons dated 04.10.2018 under Section 7A of the EPF & MP Act, 1952, for conducting an inquiry on outstanding Provident Fund dues. The Corporate Debtor appeared before the Commissioner on 22.10.2018 and requested that the proceedings be kept in abeyance due to the ongoing CIRP and moratorium. This request was reiterated on 16.12.2019. The Adjudicating Authority ordered the liquidation of the Corporate Debtor on 23.01.2020, and the Applicant was appointed as
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Corporate Insolvency…
Corporate Debtor informed the Respondent about…
The case involves applications IA 1696 and IA 1085 of 2020 in CP (IB) 1374/MB/C-II/2017 before the National Company Law Tribunal (NCLT), Mumbai Bench, Court-II. These applications were filed by the Liquidator of Petron Engineering Construction Limited, the Corporate Debtor, challenging the legality of orders issued by The Regional PF Commissioner (I) & Anr. under the EPF & MP Act. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 23.03.2018, and a moratorium was imposed. Despite being informed of the moratorium, the Respondent issued summons and orders demanding payments towards provident fund dues, interest, damages, and penalty. The Liquidator contends that these actions violate the moratorium and Section 33(5)
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Petron Engineering Construction Limited on 23.03.2018, and a moratorium was imposed under Section 14 of the Insolvency and Bankruptcy Code (IBC). The Regional PF Commissioner (I) & Anr., despite being informed of the moratorium, issued summons dated 04.10.2018 under Section 7A of the EPF & MP Act, 1952, for conducting an inquiry on outstanding Provident Fund dues. The Corporate Debtor appeared before the Commissioner on 22.10.2018 and requested that the proceedings be kept in abeyance due to the ongoing CIRP and moratorium. This request was reiterated on 16.12.2019. The Adjudicating Authority ordered the liquidation of the Corporate Debtor on 23.01.2020, and the Applicant was appointed as
…Corporate Insolvency…
Corporate Debtor informed the Respondent about…