Kolkata: Bata India Ltd (BIL) got an order of stay from the Calcutta High Court on March 10, with regard to the order passed by the Provident Fund Authority, addressing the company to deposit Rs 5.68 crore in connection with PF dues. Bata India Ltd moved a writ petition challenging the order of the Provident Fund Commission dated December 12, 2007, and March 3, 2008, issued under the Employees Provident Fund Act. While admitting the writ petition, Mr Justice D. Kar Gupta stipulated conditions upon BIL, urging them to provide bank guarantee to the tune of Rs 2 crore to the Board of Trustees and the PF authority. The court directed the parties to file affidavits. BIL, in its petition, prayed for an injunction restraining the PF authority from taking any step prejudicial to Bata and not to give effect to the order dated December 12, 2007, and March 3, 2008, by PF authority, which was got on the ground of maintainability of the petition.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment