https://www.taxtmi.com/caselaws?id=109085 The Court addressed the priority of payment to creditors in a winding-up order, emphasizing the precedence of workmen's dues over other creditors' claims under sections 529 and 529A of the Companies Act. It clarified that workmen are secured creditors by law and their claims are treated pari passu with secured creditors. The Court rejected the argument that a mandamus should override statutory provisions, highlighting that Article 142 powers are complementary to the law. Review petitions were allowed, ensuring alignment with statutory provisions governing payment priority in winding-up scenarios. en-us Mon, 12 Apr 2004 00:00:00 +0530 Wed, 18 Dec 2013 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109085 The Court addressed the priority of payment to creditors in a winding-up order, emphasizing the precedence of workmen's dues over other creditors' claims under sections 529 and 529A of the Companies Act. It clarified that workmen are secured creditors by law and their claims are treated pari passu with secured creditors. The Court rejected the argument that a mandamus should override statutory provisions, highlighting that Article 142 powers are complementary to the law. Review petitions were allowed, ensuring alignment with statutory provisions governing payment priority in winding-up scenarios. Case-Laws Companies Law Mon, 12 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109085