Case Law Analysis
|Madras High Court
BIFR Sanctioned Scheme | Waived ESI Dues Cannot Be Revived Even Against Non-Party ESIC : Madras HC
Madras High Court rules that a BIFR-sanctioned rehabilitation scheme extinguishes ESI Corporation's right to recover waived contributions, interest, and damages, even if ESIC was not a party to the BIFR proceedings. The judgment bars revival of such claims post-scheme implementation, reinforcing the finality of statutory waivers in industrial revival schemes.