https://www.taxtmi.com/caselaws?id=106495 The court held that secured creditors who obtained a decree with interest from a civil court can claim the amount without prejudice to other secured creditors and workmen covered by section 529A and rule 179. Secured creditors within winding up proceedings are limited to 4% interest under rule 179. The Official Liquidator is bound by decrees obtained with court leave under section 446, subject to the rights of secured creditors under section 529A and rule 179. The judgment favored enforcing civil court decrees with higher interest rates for secured creditors outside winding up proceedings, ensuring fair treatment of all creditors and workmen. en-us Fri, 20 Sep 2002 00:00:00 +0530 Wed, 14 Mar 2012 14:23:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106495 The court held that secured creditors who obtained a decree with interest from a civil court can claim the amount without prejudice to other secured creditors and workmen covered by section 529A and rule 179. Secured creditors within winding up proceedings are limited to 4% interest under rule 179. The Official Liquidator is bound by decrees obtained with court leave under section 446, subject to the rights of secured creditors under section 529A and rule 179. The judgment favored enforcing civil court decrees with higher interest rates for secured creditors outside winding up proceedings, ensuring fair treatment of all creditors and workmen. Case-Laws Companies Law Fri, 20 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106495