https://www.taxtmi.com/caselaws?id=97864 Rule 176 of the Companies (Court) Rules, 1959 allowed the official liquidator to apply for expunging claims that had been admitted by mistake, because the assets remained under liquidation and no dividend had been declared. Claims of the Mysore State Electricity Board, the Mysore Housing Board, and the Director of Sericulture did not qualify for preferential payment under section 530(1)(a) of the Companies Act, 1956, since the provision is confined to dues strictly payable to Government or a local authority. The Electricity Board was an autonomous statutory corporation, the Housing Board was not a local authority for liquidation priority, and the Director of Sericulture's claim arose from trading transactions. The claims were therefore treated as unsecured debts. en-us Thu, 13 Apr 1961 00:00:00 +0530 Wed, 18 Jan 2012 13:27:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97864 Rule 176 of the Companies (Court) Rules, 1959 allowed the official liquidator to apply for expunging claims that had been admitted by mistake, because the assets remained under liquidation and no dividend had been declared. Claims of the Mysore State Electricity Board, the Mysore Housing Board, and the Director of Sericulture did not qualify for preferential payment under section 530(1)(a) of the Companies Act, 1956, since the provision is confined to dues strictly payable to Government or a local authority. The Electricity Board was an autonomous statutory corporation, the Housing Board was not a local authority for liquidation priority, and the Director of Sericulture's claim arose from trading transactions. The claims were therefore treated as unsecured debts. Case-Laws Companies Law Thu, 13 Apr 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97864