By Prashant Marathe | 23 May 2025 | EduInvesting
📌 At a Glance
Mawana Sugars Ltd has received a notice from the Regional Provident Fund Commissioner (RPFC), Meerut, demanding:
- ₹33.88 lakh as damages
- ₹27.71 lakh as interest
- Under Sections 14B and 7Q of the EPF Act, 1952
⚠️ Total exposure (if case is lost): ₹1.61 Cr
📅 Period involved: FY1996 to FY2020
🎯 Status: Sub-judice — company says “no liability crystallized yet”
🧾 What’s the Case About?
- This is a legacy PF case tied to TSC’s PF Trust, which lost its exempted status
- The RPFC alleges:
- Mawana’s subsidiary IPL delayed encashment
