https://www.taxtmi.com/caselaws?id=108747 Section 529A of the Companies Act, 1956 protects the priority of secured creditors and workmen at the stage of final distribution in liquidation, but it does not prevent an interim ad hoc payment to workmen pending final settlement of competing claims. A challenge to a direction for payment of 15% of workers' dues was treated as premature because the order concerned only a partial, temporary disbursement and not final adjudication of entitlement. Interim payment to workers was therefore regarded as permissible, and the appeal was dismissed. en-us Fri, 19 Jul 2002 00:00:00 +0530 Tue, 03 Apr 2012 16:55:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108747 Section 529A of the Companies Act, 1956 protects the priority of secured creditors and workmen at the stage of final distribution in liquidation, but it does not prevent an interim ad hoc payment to workmen pending final settlement of competing claims. A challenge to a direction for payment of 15% of workers' dues was treated as premature because the order concerned only a partial, temporary disbursement and not final adjudication of entitlement. Interim payment to workers was therefore regarded as permissible, and the appeal was dismissed. Case-Laws Companies Law Fri, 19 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108747