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EPFO Can’t Raise Undetermined Interest Claims After IBC Resolution Plan: Supreme Court

The Supreme Court has held that the Employees’ Provident Fund Organisation’s (EPFO) claims towards interest and damages, if not determined before the commencement of the Corporate Insolvency Resolution Process (CIRP), are contingent liabilities and cannot be raised after the approval of a resolution plan under the Insolvency and Bankruptcy Code (IBC). A Bench of Justices…

PF Interest & Damages Can’t Be Claimed After Insolvency If Not Already Decided: Supreme Court

Supreme Court rules EPFO cannot recover PF interest and damages under Sections 7Q and 14B if claims weren’t crystallized before insolvency proceedings began against the company. – Employees Provident Fund Organisation v. Rachna Jhunjhunwala & Anr. The Supreme Court has dismissed an appeal filed by the Employees Provident Fund Organisation (EPFO) seeking full recovery of…

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