EPFO Dues Extinguished After Approval of Resolution Plan? CGIT Delhi's Landmark Ruling in Revent Precision Engineering Case

CA Jaydeep Babubhai Vadher | Last updated: 04 June 2026

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A landmark ruling by the CGIT, Delhi, in the Revent Precision Engineering case clarifies that the Employees' Provident Fund Organisation (EPFO) cannot claim dues, damages, or interest from a pre-insolvency period against a successful resolution applicant if these claims were not filed during the Corporate Insolvency Resolution Process (CIRP). The tribunal emphasized that an approved resolution plan under the Insolvency and Bankruptcy Code (IBC) creates a 'clean slate' for the new management, making it binding on all stakeholders, including statutory authorities.

Introduction In a significant judgment strengthening the "clean slate" principle under the Insolvency and Bankruptcy Code, 2016 (IBC), the Central Government Industrial Tribunal (CGIT), Delhi, in M/s Revent Precision Engineering Ltd. vs Regional PF Commissioner-II, Gurugram (West), has held that EP

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CA Jaydeep Babubhai Vadher

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"Knowledge is power, but continuous learning is supremacy." - CA Jaydeep B. Vadher As a Chartered Accountant with over 8 years of experience, I specialize in delivering comprehensive financial services that drive business growth and ensure regulatory compliance. My expertise spans taxation, statutory and tax audits, f ... Read more

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