Central Board Of Trustees, Employees ... vs Indusind Bank Ltd And Ors
Judges (1)
Counsel (6)
Case Significance
Central Board Of Trustees, Employees ... vs Indusind Bank Ltd And Ors is a Bombay High Court decision dated December 17, 2025 (citation: ik-114362421). The Central Board of Trustees (EPF) sought to auction a defaulting employer's flats and restrain IndusInd Bank from taking possession under SARFAESI Act. The key issue was whether EPF dues under the EPF Act take priority over secured creditors' rights under SARFAESI. The Court dismissed the petition, holding EPF lacks power to restrain secured creditors and directed EPF to approach the Debts Recovery Tribunal. The case was heard by Justice Milind N. Jadhav. Counsel appearing: Alok Mishra (counsel for respondent), Juilee Modak (counsel for respondent), Priyanka Fadia (counsel for respondent), Ravi Rattesar (counsel for petitioner), Shashank Fadia (counsel for respondent), Siddharth Samanataray (counsel for respondent).
Summary
The Central Board of Trustees (EPF) sought to auction a defaulting employer's flats and restrain IndusInd Bank from taking possession under SARFAESI Act. The key issue was whether EPF dues under the EPF Act take priority over secured creditors' rights under SARFAESI. The Court dismissed the petition, holding EPF lacks power to restrain secured creditors and directed EPF to approach the Debts Recovery Tribunal.
What was the outcome of Central Board Of Trustees, Employees ... vs Indusind Bank Ltd And Ors?
The Central Board of Trustees (EPF) sought to auction a defaulting employer's flats and restrain IndusInd Bank from taking possession under SARFAESI Act. The key issue was whether EPF dues under the E...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (ik-114362421)