# In the matter of Employees Provident Fund Organisation Vs.  Fanendra Harakchand Munot

> SC judgment dated 2023-08-25. Citation: TCN-2023-SC-00048. The Employees Provident Fund Organization (EPFO) filed a civil appeal against Fanendra Harakchand…

- **Court:** SC
- **Order date:** 25 Aug 2023
- **Citation:** TCN-2023-SC-00048
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/employees-provident-fund-organisation-vs-fanendra-harakchand-munot-7572a215

## Summary

### Background

The Employees Provident Fund Organization (EPFO) filed a civil appeal against Fanendra Harakchand Munot & Anr., arising from a judgment and order passed by the National Company Law Appellate Tribunal (NCLAT). The EPFO sought compliance with timelines under the Insolvency and Bankruptcy Code, 2016 (IBC).

## Facts

The Employees Provident Fund Organization (EPFO) filed a civil appeal against Fanendra Harakchand Munot & Anr. The appeal arose from a final judgment and order dated 19-04-2023 in CAAT(I) No. 427/2023 passed by the National Company Law Appellate Tribunal (NCLAT). The EPFO sought compliance with the timelines provided under the Insolvency and Bankruptcy Code, 2016 (IBC). The Supreme Court heard the matter on 2023-08-25. The court dismissed the appeal, stating that the impugned judgment does not affect the rights of the EPFO to proceed in accordance with law, in view of Section 36(4)(a) of the IBC.

## Issues and analysis

### Issue 1: Whether the Commissioner and employees of the EPFO must take steps to ensure compliance with the …

**Ratio:** Compliance with statutory timelines is crucial for the effective implementation of the

…

**Reasoning:** The court emphasized the importance of adhering to the timelines stipulated in the IBC to

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**Interpretation:** The Insolvency and Bankruptcy Code, 2016, establishes specific timelines for

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**Application:** The court directed the Commissioner and employees of the EPFO to take necessary

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## Parties

- **Judges:** SANJIV K…; S.V.N. B…
- **Appellants:** Employees…
- **Respondents:** FANENDRA HARAKCHAN…

## Timeline

- **2023-04-19 — Impugned Judgment and…**: Final judgment and order passed by the National Company Law Appellate Tribunal (NCLAT) in…
- **2023-08-25 — Hearing…**: The matter was called on for…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 36(4) — Liquidation estate](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-36)

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