This case involves an application (IA No. 2705 of 2021) filed by the Employees Provident Fund Organisation (EPFO) in the Corporate Insolvency Resolution Process (CIRP) of Roofit Industries Limited, the Corporate Debtor. The EPFO sought a direction to the Liquidator to admit their claim of Rs. 59,70,826/- as per Form C dated 22.2.2018, and to consider this claim as a priority over other dues of the Corporate Debtor. The CIRP was initiated under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016. Subsequently, the Tribunal allowed the application for liquidation under Section 33 of the Code, and the Resolution Professional was continued as the Liquidator.
The Employees Provident Fund Organisation (EPFO) filed IA No. 2705 of 2021 seeking a direction to the Liquidator of Roofit Industries Limited (Corporate Debtor) to admit their claim of Rs. 59,70,826/- as a priority debt. The claim was submitted as per Form C dated 22.2.2018. The Corporate Insolvency Resolution Process (CIRP) was initiated under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016, and subsequently, the company was ordered into liquidation under Section 33 of the IBC. A public announcement was made on 27.1.2018, and the EPFO submitted its claim on 16.2.2018. The Liquidator initially confirmed the admission of the claim via email dated 12.4.2018 but later rejected the priority claim, citing a previous NCLAT order. The EPFO argued that Section
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Employees Provident Fund Organisation filed…
The Insolven…
This case involves an application (IA No. 2705 of 2021) filed by the Employees Provident Fund Organisation (EPFO) in the Corporate Insolvency Resolution Process (CIRP) of Roofit Industries Limited, the Corporate Debtor. The EPFO sought a direction to the Liquidator to admit their claim of Rs. 59,70,826/- as per Form C dated 22.2.2018, and to consider this claim as a priority over other dues of the Corporate Debtor. The CIRP was initiated under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016. Subsequently, the Tribunal allowed the application for liquidation under Section 33 of the Code, and the Resolution Professional was continued as the Liquidator.
The Employees Provident Fund Organisation (EPFO) filed IA No. 2705 of 2021 seeking a direction to the Liquidator of Roofit Industries Limited (Corporate Debtor) to admit their claim of Rs. 59,70,826/- as a priority debt. The claim was submitted as per Form C dated 22.2.2018. The Corporate Insolvency Resolution Process (CIRP) was initiated under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016, and subsequently, the company was ordered into liquidation under Section 33 of the IBC. A public announcement was made on 27.1.2018, and the EPFO submitted its claim on 16.2.2018. The Liquidator initially confirmed the admission of the claim via email dated 12.4.2018 but later rejected the priority claim, citing a previous NCLAT order. The EPFO argued that Section
…Employees Provident Fund Organisation filed…
The Insolven…