SC Explains When Shares Received After Company Amalgamation are Taxable as Business Income  ||  SC: Excavators, Dumpers Etc Used Within Factories aren’t Motor Vehicles For Road Tax Purposes  ||  SC: Complaints Alleging Fraud under Companies Act Can Be Filed Only By SFIO, Not By Private Parties  ||  SC: Preventive Detention Cannot Override Bail and Requires Proof of a Threat to Public Order  ||  Supreme Court: Multiple Complaints Are Valid For Dishonour of Several Cheques in One Transaction  ||  SC: Bail Should Not be Refused Mechanically Nor Granted Based on Irrelevant Considerations  ||  Gujarat HC: Motor Accident Compensation Doesn’t Cover Medical Expenses Paid by Charity  ||  HP High Court: Panchayati Raj Elections Cannot Be Postponed Beyond Five-Year Term  ||  Ker HC: Victim Cannot File Second Appeal Seeking Special Leave Against Acquittal Under S.419(4) BNSS  ||  Delhi HC: Right to Higher or Professional Education is Fundamental and Cannot be Curtailed Lightly    

NCLAT: Pension, Gratuity, PF not Incorporated in Liquidation Assets - (20 Aug 2019)

INSOLVENCY

National Company Law Appellate Tribunal (NCLAT) has upheld the view taken by National Company Law Tribunal, Principal Bench that provident fund, pension fund, gratuity fund dues are not included in ‘liquidation estate’. NCLAT further confirmed that the dues should be paid to the workers directly and would not fall under the mechanism of distribution of assets as provided under Section 53 of Insolvency and Bankruptcy Code, 2016.

Tags : NCLAT   PENSION  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved