https://www.taxtmi.com/caselaws?id=102382 In company winding up, secured creditors and workmen's dues are to be worked out pari passu as on the winding-up date under section 529A of the Companies Act, 1956, and later interest cannot erode the workmen's statutory share; future interest is payable only from any surplus remaining after those claims are met. The text also notes that, where a creditor has proceeded through court, post-decree interest is constrained by section 34 of the Code of Civil Procedure, 1908, and interest beyond the permitted rate is beyond the court's power, although a final decree may remain undisturbed in the proceedings discussed. en-us Wed, 14 Jul 1993 00:00:00 +0530 Tue, 14 Feb 2012 16:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102382 In company winding up, secured creditors and workmen's dues are to be worked out pari passu as on the winding-up date under section 529A of the Companies Act, 1956, and later interest cannot erode the workmen's statutory share; future interest is payable only from any surplus remaining after those claims are met. The text also notes that, where a creditor has proceeded through court, post-decree interest is constrained by section 34 of the Code of Civil Procedure, 1908, and interest beyond the permitted rate is beyond the court's power, although a final decree may remain undisturbed in the proceedings discussed. Case-Laws Companies Law Wed, 14 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102382