Companies Act, 1956, Section 529A

Companies Act, 1956—Section 529A—Employees Provident Funds and Miscellaneous Provisions Act, 1952, Section 11(2)—The mere ranking of the dues of workers at par with debts due to secured creditors cannot lead to an inference that Parliament intended to create first charge in favour of the secured creditors and give priority to the debts due to secured creditors over the amount due from the employer under the EPF Act. 


File Name:- SC_DECEMBER 2011_8

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