EPFO Dues vs. Secured Creditors – SC Remands Priority Dispute for Fresh Hearing

Edelweiss Asset Reconstruction Limited Vs Regional PF Commissioner & Recovery Officer (Supreme Court of India) EPFO Dues vs. Secured Creditors – Supreme Court Remands Priority Dispute for Fresh Hearing In an important ruling delivered on, the Supreme Court set aside the Karnataka High Court’s judgment and remanded the matter for fresh adjudication, directing that Axis Bank must be impleaded as a party before the High Court to determine the contentious issue of priority between statutory provident fund dues and secured creditor claims under SARFAESI Act. The lis arose out of default by ...