The Employees' Provident Fund Organization (EPFO) filed an Interlocutory Application (IA) under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking directions to allow its claim of Rs. 46,873/- with interest as a first charge over the assets of Rajpal Autolink Pvt. Ltd., which is undergoing liquidation. The EPFO's claim pertains to provident fund dues.
The Employees' Provident Fund Organization (EPFO) filed an IA seeking to recognize its claim of Rs. 46,873/- as a first charge over the assets of the Corporate Debtor, Rajpal Autolink Pvt. Ltd.
Rajpal Autolink Pvt. Ltd. is undergoing liquidation, with Chaya Gupta as the Liquidator.
The liquidation order for Rajpal Autolink Pvt. Ltd. was passed on 23.04.2021 by the NCLT, Ahmadabad Bench.
The EPFO filed its claim for provident fund dues on 26.02.2024 with the Liquidator.
The Liquidator rejected the claim, stating that the company is under liquidation and the IBC prevails over other laws.
The EPFO argued that provident fund dues are statutory liabilities and have priority over other debts.
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NCLT Ahmadabad Bench…
Order passed under…
The Employees' Provident Fund Organization (EPFO) filed an Interlocutory Application (IA) under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking directions to allow its claim of Rs. 46,873/- with interest as a first charge over the assets of Rajpal Autolink Pvt. Ltd., which is undergoing liquidation. The EPFO's claim pertains to provident fund dues.
The Employees' Provident Fund Organization (EPFO) filed an IA seeking to recognize its claim of Rs. 46,873/- as a first charge over the assets of the Corporate Debtor, Rajpal Autolink Pvt. Ltd.
Rajpal Autolink Pvt. Ltd. is undergoing liquidation, with Chaya Gupta as the Liquidator.
The liquidation order for Rajpal Autolink Pvt. Ltd. was passed on 23.04.2021 by the NCLT, Ahmadabad Bench.
The EPFO filed its claim for provident fund dues on 26.02.2024 with the Liquidator.
The Liquidator rejected the claim, stating that the company is under liquidation and the IBC prevails over other laws.
The EPFO argued that provident fund dues are statutory liabilities and have priority over other debts.
…NCLT Ahmadabad Bench…
Order passed under…