Case Law Analysis
|National Company Law Appellate Tribunal
ESI Contributions Are Trust Assets Excluded under IBC Sec 36(4)(a)(i) | NCLAT Sets Aside Plan Paying 1% ESI Claim : NCLAT
The NCLAT Chennai Bench held ESI contributions are trust assets excluded from liquidation estate under IBC Sec 36(4)(a)(i), overturning a plan paying only 1% of the claim and affirming priority for employees' statutory dues in insolvency.