Proviso to Regulation 31C of the Employees’ State Insurance (General) Regulations, 1950 is very clear that the Corporation in relation to a company in respect of which a Resolution Plan has been sanctioned by the NCLT under the IBC, 2016 may waive upto 50% of the damages – The ESI Corporation Vs. Renram Fashions India Pvt. Ltd. – Karnataka High Court

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Proviso to Regulation 31C of the Employees’ State Insurance (General) Regulations, 1950 is very clear that the Corporation in relation to a company in respect of which a Resolution Plan has been sanctioned by the NCLT under the IBC, 2016 may waive upto 50% of the damages – The ESI Corporation Vs. Renram Fashions India Pvt. Ltd. – Karnataka High Court Read Post »