https://www.taxtmi.com/caselaws?id=109985 Sections 529 and 529A of the Companies Act give workmen's dues, together with the pari passu share of secured creditors, priority only in the manner expressly provided by the statute. The text explains that an earlier broad statement suggesting absolute priority for workmen's dues over all secured and unsecured creditors was not supported by the statutory language. It also states that a Company Court must consider rival claims and statutory priorities before making any interim distribution order affecting company assets, and cannot pass an ad hoc payment direction mechanically. The discussion further notes that later payments and the applicable winding-up and recovery framework may affect the propriety of relief. en-us Mon, 14 Mar 2005 00:00:00 +0530 Tue, 07 Apr 2020 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109985 Sections 529 and 529A of the Companies Act give workmen's dues, together with the pari passu share of secured creditors, priority only in the manner expressly provided by the statute. The text explains that an earlier broad statement suggesting absolute priority for workmen's dues over all secured and unsecured creditors was not supported by the statutory language. It also states that a Company Court must consider rival claims and statutory priorities before making any interim distribution order affecting company assets, and cannot pass an ad hoc payment direction mechanically. The discussion further notes that later payments and the applicable winding-up and recovery framework may affect the propriety of relief. Case-Laws Indian Laws Mon, 14 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109985