Non-payment of full provident fund and gratuity dues to employees, workers is violative of IBC: NCLAT

The NCLAT said that workmen and employees are entitled to payment of full amount of provident fund and gratuity till the date of commencement of the insolvency.
NCLAT
NCLAT
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The National Company Law Appellate Tribunal (NCLAT) recently held that non-payment of full provident fund (PF) and gratuity dues to workmen and employees by any successful resolution applicant would amount to non-compliance with provisions of the Insolvency and Bankruptcy Code of 2016 (IBC).

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