https://www.taxtmi.com/caselaws?id=97506 Compensation paid to workmen on closure of a factory was held not to be wages for services rendered within the meaning of section 230(1)(c) of the Companies Act, 1913. The preferential payment scheme applies only to wages actually earned within the relevant statutory period before winding up, and broader labour-law definitions could not enlarge that narrow language. Because the tribunal award was compensation for closure, calculated by length of service and not for work done, it was treated as ex gratia and outside the priority provision. The Collector's attachment for recovery of that amount was therefore without jurisdiction. en-us Fri, 01 Mar 1957 00:00:00 +0530 Tue, 17 Jan 2012 10:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97506 Compensation paid to workmen on closure of a factory was held not to be wages for services rendered within the meaning of section 230(1)(c) of the Companies Act, 1913. The preferential payment scheme applies only to wages actually earned within the relevant statutory period before winding up, and broader labour-law definitions could not enlarge that narrow language. Because the tribunal award was compensation for closure, calculated by length of service and not for work done, it was treated as ex gratia and outside the priority provision. The Collector's attachment for recovery of that amount was therefore without jurisdiction. Case-Laws Companies Law Fri, 01 Mar 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97506