Resolution plan under IBC can't wipe out PF dues to employees: Bombay High Court

Bombay High Court ruled that a resolution plan under the IBC cannot wipe out PF (Provident Fund) dues owed to employees. The court emphasized that PF dues are statutory liabilities and employee entitlements that cannot be extinguished through the insolvency resolution process. This judgment safeguards the interests of employees and ensures that their social security benefits are protected even during corporate insolvency.