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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Workmen's dues receive statutory priority in company winding up, with recent wage claims paid ahead of secured creditors.</h1> Workmen's dues are payable in priority to all other debts in company winding up; where a secured creditor realises security, the unsecured shortfall or the workmen's portion of that security is payable pari passu with workmen's dues. Specified wage sums for a prescribed recent period must be paid within thirty days of asset sale and have a prescribed charge over secured creditors' security; those sums must be paid in full before any distributions to secured creditors and, if assets are insufficient, abate in equal proportions.

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