https://www.taxtmi.com/caselaws?id=111260 Where an official liquidator retains leased premises to preserve and sell company assets for the benefit of winding up, rent and mesne profits for that occupation are treated as expenses of liquidation and rank in priority over ordinary unsecured debts. The claim does not lose that priority merely because no fresh prayer for rescission of the lease is made after winding up if the tenancy had already been terminated before the winding-up order. The operative test is whether the premises were kept for the purpose of liquidation; if so, the resulting occupation charges assume liquidation-expense status. en-us Wed, 18 Apr 2007 00:00:00 +0530 Sat, 21 Apr 2012 14:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111260 Where an official liquidator retains leased premises to preserve and sell company assets for the benefit of winding up, rent and mesne profits for that occupation are treated as expenses of liquidation and rank in priority over ordinary unsecured debts. The claim does not lose that priority merely because no fresh prayer for rescission of the lease is made after winding up if the tenancy had already been terminated before the winding-up order. The operative test is whether the premises were kept for the purpose of liquidation; if so, the resulting occupation charges assume liquidation-expense status. Case-Laws Companies Law Wed, 18 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111260