IBC | Provident Fund Dues Are Protected, but Uncrystallised Interest and Damages May Be Excluded from the Resolution Plan: Supreme Court

The Supreme Court of India has delivered a landmark judgment clarifying the treatment of Provident Fund (PF) dues, interest, and damages during the Insolvency and Bankruptcy Code (IBC), 2016 proceedings. The Court held that PF dues are protected from being completely wiped out in a resolution plan, but claims for interest and damages that are not yet finalized before the start of Corporate Insolvency Resolution Process (CIRP) can be excluded.…