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<h1>Court grants compensation to appellant under Companies Act sections 25-F and 530(1)(b).</h1> The appeal was allowed as the court held that compensation is payable under section 25-F and the appellant is entitled to priority under section 530(1)(b) ... Winding up - Preferential payments The appeal was against an order of the official liquidator regarding payment of wages under the Industrial Disputes Act and priority under the Companies Act. The court held that compensation is payable under section 25-F and the appellant is entitled to priority under section 530(1)(b) of the Companies Act as the amount does not exceed Rs. 1000. The appeal was allowed.
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