The Supreme Court has held that dues payable under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (EPF & MP Act) hold priority over the debts due to a secured creditor under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). The Division Bench, comprising Chief Justice
EPF Dues Have Priority Over Secured Creditors Under SARFAESI Act; Statutory ‘First Charge’ Prevails: Supreme Court
