In a recent case, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the claims of the EPFO based on inspection conducted subsequent to initiation of the CorporateInsolvency Resolution Process (CIRP) are unenforceable and cannot be admitted.
The Resolution Professional- CA Pankaj Shah filed appeals against the NCLT order. The Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor- M/s. Premshree Prime Properties Private Limited commenced vide order dated 17.02.2023, CA Pankaj Shah was appointed as Interim Resolution Professional who has subsequently confirmed as Resolution Professional.
On 11.05.2023, Employee’s Provident Fund Organisation (EPFO) initiated…