NCLT Hyderabad allowed an application by VNR Infrastructures, directing the EPFO to activate its PF code without clearing past dues.
The tribunal ruled that past PF liabilities must be settled under IBC's waterfall, not as a precondition for a new PF code.
The company, sold as a going concern, needed the PF code to bid for new projects, which the EPFO had withheld over old dues.