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2020 (2) TMI 1532 - HC - Companies LawPermission to transfer the monies payable to the workmen, to the Provident Fund Commissioner concerned - HELD THAT:- The monies are required by the workmen now. Their need is immediate. Therefore, respondent no. 2 is directed to pursue the matter with HDFC Bank to ascertain the status of the investments as well as to see as to how the same could be statutorily transferred to the Provident Fund Commissioner at the earliest for disbursal to the workmen. Respondent no. 2 shall also follow up with UCO Bank and RBI apropos the amount of ₹ 30 crores alongwith interest accrued. An affidavit of compliance shall be filed by respondent nos. 2 and 3 before the next date. There is no threat of the eviction of the workmen from their current places of residence. No further orders are required in this regard. List on 25.03.2020.
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