EPFO’s claim based on Inspection During CIRP is Not enforceable: NCLAT

The NCLAT has ruled that an "EPFO's claim based on an inspection during CIRP is not enforceable." This decision clarifies the legal standing of claims made by the EPFO during the corporate insolvency resolution process. The ruling, a significant victory for the government, was made on the grounds that the company's claim was not supported by evidence. The ruling clarifies that a company can be held responsible for the misdeeds of another person.