Provident Fund, Pension Fund, Gratuity Fund not part of corporate debtor's liquidation estate for distribution under Sec 53 IBC: NCLAT

nathrao

https://barandbench.com/provident-pe...ion-ibc-nclat/
Very important judgement.
Any company undergoing liquidation cannot treat PF,Gratuity and pension funds as part of their company assets and include it in liquidation estate.
These amounts are held in trust for workers and have to be paid off seperately

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