The Central Government Industrial Tribunal (CGITLC) held that the Employees’ Provident Fund Organisation (EPFO) is bound by the final rehabilitation scheme sanctioned by the Board for Industrial and Financial Reconstruction (BIFR), and accordingly quashed the EPFO’s rejection of the waiver of damages under Section 14B of the EPF Act.
On 24 June 2025, the Central Government Industrial Tribunal-cum-Labour Court (CGITLC), Delhi, presided over by Mr. Atul Kumar Garg, while adjudicating an appeal, held that once the Board for Industrial and Financial Reconstruction (BIFR) has sanctioned a rehabilitation scheme under the Sick Industrial Companies (Special Provisions) Act, 1985, and has specifically directed the waiver of damages under Section 14B of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, the Employees’ Provident Fund Organisation (EPFO) is legally bound to comply.