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2020 (2) TMI 1532

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..... Mr. Jatin Teotia, Adv., Mr. Vivek Sibal, Mr. Rahul Sharma, Mr. Jitender Ratta and Mr. Sushail, Tomar, Advs. for R-2., Mr. Keshav Mohan, Adv. for EPFO. ORDER 1. The learned counsel for the petitioner submits that the monies payable to the workmen would be in the range of Rs. 550 crores, of which about Rs. 200 crores stands already deposited towards Employees' Provident Fund. It is being managed u .....

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..... avit, in particular apropos the manner and the time in which the deposited Rs. 37 crores plus interest accrued thereon, could be released to the beneficiary(ies)/workmen, especially keeping in mind the fact that they have been without any payments for the past 36 months. About 60 odd workmen have since passed away. Each passing day of deprivation of the just dues of the workmen is a continuing ass .....

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..... it of respondent no. 2, Mr. Sibal, submits that there is a fresh scheme of compromise which is to be explored by the Official Liquidator, in terms of the order of the NCLT. Therefore, respondent no. 2 will not be acting upon its eviction notice. In other words, there is no threat of the eviction of the workmen from their current places of residence. No further orders are required in this regard. .....

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