Rule 25. Conditions and manner of writing off irrecoverable dues under section 121 of the Code

Where the Mizoram Unorganized Workers Social Security Board is of the opinion that the amount of contribution, cess, interest and damages due to board has become irrecoverable, the Board or any other officer authorised by it in this behalf may sanction the writing off of the said amount, subject to the following conditions, namely: —

(a) Establishment has been closed for more than five years and the whereabouts of the employer cannot be ascertained, despite all possible efforts;

(b) Decree obtained by the Board could not be executed successfully for want of sufficient assets of the defaulting employer; or

(c) Claim for contribution is not fully met by —

(i) The Official Liquidator in the event of factories or establishments having gone into liquidation; or

(ii) In the event of unit being nationalised or taken over by the Government.