The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur


  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Nagpur City

HC: Workers PF dues to be satisfied first over other creditors

by TLN Team February 18, 2020February 19, 2020
written by TLN Team February 18, 2020February 19, 2020
HC: Workers PF dues to be satisfied first over other creditors

The Nagpur bench of the Bombay High Court while setting aside a decision of the single judge stated that the PF dues are actually the dues of the workers and will have priority over the dues of the other secured and unsecured creditors in the liquidation of the company.

While deciding the matter on August 6, 2010, The single judge had taken a contrary view to the two decisions of the Supreme Court and had ruled that the PF dues were not the dues of the employees and therefore, would not have preference over the claims of other secured and unsecured creditors.

The company in question went into liquidation and the company petition itself was filed way back in 1990.The issue of PF dues paid to workers was decided in 2010 and the instant company appeal filed in 2011 was decided almost after a passage of nine years. While setting aside the impugned order, the High Court has now held that the PF dues shall have to be first satisfied by the respondent-Liquidator and thereafter the dues of other secured and unsecured creditors shall follow in accordance with law.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
UFBU to go on 3-day strike from March 11
next post
Winners of one crore rupees announced by DEAR Lottery

You may also like

RSS memorial recce: Nagpur ATS arrest JeM terrorist...

May 18, 2022

SECR to give 8 lakh to victims of...

May 18, 2022

RSS training camp begins

May 18, 2022

CGM Mouda Inaugurates Mobile Medical Unit

May 18, 2022

Emergency Medical Room with Pharmacy, Mini ICU at...

May 17, 2022

NMC publishes final Prabhag formation

May 17, 2022

Action taken against 31 businessmen  for selling products...

May 17, 2022

NMC publishes final Prabhag formation

May 17, 2022

Nagpur’s temp 43.4, Wardha hottest with 45.0

May 17, 2022

Nitin Gadkari Inaugurates Bridgestone Fleet Point Express Dealership...

May 16, 2022

Trending News

  • Mini MBA course in just one rupee, know how

    May 17, 2022
  • Know how to block spam calls on iPhone

    May 16, 2022
  • India reeling under 50°Celsius is a matter of concern

    May 16, 2022
  • Rohit Sharma, K L Rahul to be rested for T20 series

    May 15, 2022
  • Australian Cricket Star Andrew Symonds Dies In Car Crash

    May 15, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

February 2020
M T W T F S S
« Jan   Mar »
 12
3456789
10111213141516
17181920212223
242526272829  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.