Resolution Plan Under IBC Can't Extinguish Provident Fund Dues Owed To Employees: Bombay High Court

In a significant ruling, the Bombay High Court has emphasized that employee provident fund (EPF) dues cannot be extinguished during the Corporate Insolvency Resolution Process (CIRP). The judgment was delivered in the case of Dalmia Cement (Bharat) Ltd. VERSUS Employees Provident Fund Organisation (EPFO). The Court held that EPF contributions, including the employer's share, are statutory obligations that cannot be disregarded or wiped out by an insolvency resolution plan under…