{"id":296791,"date":"2023-07-14T12:00:55","date_gmt":"2023-07-14T06:30:55","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=296791"},"modified":"2023-07-17T09:11:54","modified_gmt":"2023-07-17T03:41:54","slug":"employees-provident-fund-gratuity-dues-even-if-funds-not-available-with-liquidator-nclat","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/14\/employees-provident-fund-gratuity-dues-even-if-funds-not-available-with-liquidator-nclat\/","title":{"rendered":"Employees entitled to Provident Fund and Gratuity Fund dues even if funds not available with Liquidator: NCLAT"},"content":{"rendered":"
\n

National Company Law Appellate Tribunal, Chennai:<\/b> In a case related to approval of Resolution Plan without admitting full claim including provident fund and gratuity dues, a Division Bench comprising of M. Venugopal, J. and Ms. Shreesha Merla* (Technical Member)<\/b>, directed to include both Provident Fund and Gratuity Fund which is to be paid in full in the ‘Resolution Plan’.<\/p>\n

Brief Facts<\/b><\/p>\n

In the instant case, the Adjudicating Authority vide order dated 29-02-2021, approved the Resolution Plan as preferred by the Resolution Professional (RP). The RP vide an email dated 09-02-2021 informed the appellant that his claim was admitted only to the extent of 35.13% of the total admitted claim of Rs. 30,46,31,880\/-. Aggrieved by the impugned order dated 29-02-2021, approving the Resolution Plan admitting appellant’s claim to the extent of 35.13%, the appellant preferred the present appeal before the NCLAT challenging the same.<\/p>\n

Moot Point<\/b><\/p>\n

Whether the Provident Fund and Gratuity dues of the appellant are to be paid in full?<\/p>\n

Court’s Verdict<\/b><\/p>\n

While relying on Jet Aircraft Maintenance Engineers Welfare Assn.<\/i> v. Ashish Chhawchharia<\/i>, 2022 SCC OnLine NCLAT 418<\/a>, the NCLAT opined that both Provident Fund and Gratuity Fund is to be paid in full as per the provisions of the Employees Provident Funds and Miscellaneous Provisions Act, 1952<\/a> and Payment of Gratuity Act, 1972.<\/p>\n

“…the share of workmen dues shall be kept outside the Liquidation assets and the concerned workmen \/ Employees shall have to be paid the same, out of such Provident fund, Gratuity Fund, if any available. The words, ‘if any available’, cannot be read to mean that the workmen and empolyees are not entitled for Provident fund, Gratuity Fund, Pension fund, if not available with the Liquidator.”<\/b><\/p>\n

The NCLAT allowed the present appeal and directed to include these amounts in the ‘Resolution Plan’.<\/p>\n

[Central Board of Trustees v. Shri Kumar Rajan, 2023 SCC OnLine NCLAT 284<\/a>, order dated 21-06-2023<\/span>]<\/p>\n

*Judgment by Ms. Shreesha Merla (Technical Member)<\/span><\/strong><\/p>\n\n

Advocates who appeared in this case:<\/p>\n

Mr. R. Vishnu, Counsel for the Appellant;<\/p>\n

Mr. P.V. Vinod, Counsel for the Respondent No. 1.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NCLAT held that the Provident Fund and Gratuity dues of the appellant are to be paid in full.<\/i><\/p>\n","protected":false},"author":67514,"featured_media":293392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,11],"tags":[34532,59321,30182,22014,7011,30228],"class_list":["post-296791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-tribunals_commissions_regulatorybodies","tag-gratuity-fund","tag-ms-shreesha-merla-technical-member","tag-national-company-law-appellate-tribunal","tag-nclat","tag-provident-fund","tag-resolution-plan"],"yoast_head":"\nProvident fund and Gratuity fund shall be kept outside Liquidation assets and to be paid in full in Resolution Plan: NCLAT | SCC Blog<\/title>\n<meta name=\"description\" content=\"NCLAT held that Provident fund and Gratuity fund shall be 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Mukhopadhaya, Chairperson and Justice A.I.S Cheema, Member (Judicial) and Kanthi Narahari, Member (Technical) decided an appeal including the following question for consideration: \u201cWhether the Provident Fund, Pension Fund and Gratuity Fund come within the meaning of assets of\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":283819,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/02\/13\/pf-and-gratuity-dues-are-not-part-of-the-liquidation-estate-cannot-be-recovered-by-s-53-of-ibc-which-provides-for-waterfall-mechanism-supreme-court-upholds-nclt-order-legal\/","url_meta":{"origin":296791,"position":5},"title":"PF and gratuity dues not part of liquidation estate; cannot be recovered under Section 53 of IBC which provides for waterfall mechanism: Supreme Court","author":"Editor","date":"February 13, 2023","format":false,"excerpt":"Supreme Court upheld the NCLT order that the provident fund, pension fund and gratuity fund are not part of the liquidation estate, for distribution under Section 53 of the IBC and the same has to be paid to the employees under the stated heads.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-383.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/296791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67514"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=296791"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/296791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/293392"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=296791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=296791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=296791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}