https://www.taxtmi.com/caselaws?id=97596 The court determined that the Employees' State Insurance Corporation was entitled to a preferential claim of Rs. 87 from the official liquidator under the Employees' State Insurance Act, 1948, with the remaining Rs. 389 treated as a regular creditor's claim. The court applied the Indian Companies Act, 1956, which prioritized amounts due under the Employees' State Insurance Act as priority claims. It clarified that the Corporation's entitlement was limited to contributions for the twelve months preceding the provisional liquidator's appointment. The official liquidator's obligations under the Companies Act, 1956, were also discussed, with flexibility granted due to the company's limited assets. en-us Tue, 29 Jul 1958 00:00:00 +0530 Tue, 17 Jan 2012 13:22:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97596 The court determined that the Employees' State Insurance Corporation was entitled to a preferential claim of Rs. 87 from the official liquidator under the Employees' State Insurance Act, 1948, with the remaining Rs. 389 treated as a regular creditor's claim. The court applied the Indian Companies Act, 1956, which prioritized amounts due under the Employees' State Insurance Act as priority claims. It clarified that the Corporation's entitlement was limited to contributions for the twelve months preceding the provisional liquidator's appointment. The official liquidator's obligations under the Companies Act, 1956, were also discussed, with flexibility granted due to the company's limited assets. Case-Laws Companies Law Tue, 29 Jul 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97596