The Regional Provident Fund Commissioner-II (Appellant) filed an appeal under Section 42 of the Insolvency and Bankruptcy Code, 2016, challenging the Liquidator's (Respondent) rejection of its claim for provident fund dues against M/s Peejay Agro Foods Pvt. Ltd. (Corporate Debtor). The Corporate Debtor was initially a partnership firm, later reconstituted as a private limited company. Provident fund contributions were remitted until May 2018. Corporate Insolvency Resolution Process (CIRP) was initiated on 28.05.2025, and liquidation on 25.02.2026. The Appellant's claim for Rs.97,55,998/- (later revised to Rs.59,46,120/-) was rejected by the Liquidator on the grounds that it was based on estimated/notional calculations, not crystallised, and there was no legal proof of
…The Regional Provident Fund Commissioner-II (Appellant) filed an appeal under Section 42 of the Insolvency and Bankruptcy Code, 2016.
The appeal challenges the Liquidator's rejection of the Appellant's claim for provident fund dues.
M/s Peejay Agro Foods Pvt. Ltd. (Corporate Debtor) was originally a partnership firm covered under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, from 01.04.2011.
The partnership firm was subsequently reconstituted and incorporated as a private limited company (M/s Peejay Agro Foods Pvt. Ltd.) with effect from 17.04.2013.
Provident fund contributions were remitted up to May 2018, with the last remittance being Rs.1,12,813/- for May 2018.
The company ceased operations in 2020 due to the COVID-19 pandemic.
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M/s Peejay Agro Foods (partnership firm) was…
The partnership firm was reconstituted and…
The Regional Provident Fund Commissioner-II (Appellant) filed an appeal under Section 42 of the Insolvency and Bankruptcy Code, 2016, challenging the Liquidator's (Respondent) rejection of its claim for provident fund dues against M/s Peejay Agro Foods Pvt. Ltd. (Corporate Debtor). The Corporate Debtor was initially a partnership firm, later reconstituted as a private limited company. Provident fund contributions were remitted until May 2018. Corporate Insolvency Resolution Process (CIRP) was initiated on 28.05.2025, and liquidation on 25.02.2026. The Appellant's claim for Rs.97,55,998/- (later revised to Rs.59,46,120/-) was rejected by the Liquidator on the grounds that it was based on estimated/notional calculations, not crystallised, and there was no legal proof of
…The Regional Provident Fund Commissioner-II (Appellant) filed an appeal under Section 42 of the Insolvency and Bankruptcy Code, 2016.
The appeal challenges the Liquidator's rejection of the Appellant's claim for provident fund dues.
M/s Peejay Agro Foods Pvt. Ltd. (Corporate Debtor) was originally a partnership firm covered under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, from 01.04.2011.
The partnership firm was subsequently reconstituted and incorporated as a private limited company (M/s Peejay Agro Foods Pvt. Ltd.) with effect from 17.04.2013.
Provident fund contributions were remitted up to May 2018, with the last remittance being Rs.1,12,813/- for May 2018.
The company ceased operations in 2020 due to the COVID-19 pandemic.
…M/s Peejay Agro Foods (partnership firm) was…
The partnership firm was reconstituted and…