# In the matter of Powerdeal Energy System (India) Pvt. Ltd.

> NCLT judgment dated 2025-10-13. Citation: TCN-2025-NCLT-01610. The Central Board of Trustees, Employees Provident Fund filed an application seeking the…

- **Court:** NCLT
- **Order date:** 13 Oct 2025
- **Citation:** TCN-2025-NCLT-01610
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/powerdeal-energy-system-india-pvt-ltd-c59e56af

## Summary

### Background

The Central Board of Trustees, Employees Provident Fund filed an application seeking the admission of their claim of Rs. 1,46,83,909/- against the Corporate Debtor, POWERDEAL ENERGY SYSTEMS INDIA PRIVATE LIMITED, for outstanding employees' provident fund dues. The application was filed due to the partial rejection of their claim by the Resolution Professional.

## Facts

The Central Board of Trustees, Employees Provident Fund filed an application for the admission of their claim.

The claim amount was Rs. 1,46,83,909/- representing outstanding employees' provident fund dues.

The Resolution Professional partially rejected the claim, leading to the application.

The rejection was based on a Facilitation Letter from IBBI and a judgment from NCLAT stating that assessment proceedings cannot continue after CIRP initiation.

The Corporate Insolvency Resolution Process (CIRP) commenced on 11.07.2024.

The EPFO's claim was based on assessment orders issued after the CIRP commencement date.

The Applicant submitted a claim of Rs. 1,46,83,909 based on assessment orders issued by it.

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## Issues and analysis

### Issue 1: Whether the claim of the Employees' Provident Fund Organization (EPFO) for outstanding dues is …

**Ratio:** Assessment proceedings before the EPFO cannot

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**Reasoning:** The NCLT relied on the judgment of the NCLAT, which held that assessment proceedings

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**Interpretation:** The judgment clarifies that any assessment or demand raised by the EPFO after

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**Application:** The principle was applied to the present case, leading to the dismissal of the

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** IDBI Bank L…; Central Board of…
- **Respondents:** Powerdeal Energy…
- **Other parties:** Jaykumar Pesumal…
- **Advocates:** Payoja G…; Rohit G…; +1 more

## Timeline

- **2024-07-11 — CIRP Commen…**: Corporate Insolvency Resolution…
- **2024-08-22 — Claim Subm…**: Applicant submitted a claim of Rs.…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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