https://www.taxtmi.com/caselaws?id=111809 Rule 291 of the Companies (Court) Rules, 1959 charges Official Liquidator fees on specified heads of collection and realization in winding up, but the levy must be confined to amounts lawfully chargeable under the rule. Interest earned on fixed deposits of sale proceeds already belonging to creditors and workers cannot attract a second fee, because the interest arises only from delayed distribution. Dividends under rule 291(2)(ii) do not include secured creditors within sections 529 and 529A of the Companies Act, 1956, while realizations from sale of property for secured creditors fall within rule 291(4). The computation was therefore required to be revised by excluding non-chargeable interest and limiting fees to permissible heads. en-us Thu, 08 May 2008 00:00:00 +0530 Mon, 08 Dec 2014 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111809 Rule 291 of the Companies (Court) Rules, 1959 charges Official Liquidator fees on specified heads of collection and realization in winding up, but the levy must be confined to amounts lawfully chargeable under the rule. Interest earned on fixed deposits of sale proceeds already belonging to creditors and workers cannot attract a second fee, because the interest arises only from delayed distribution. Dividends under rule 291(2)(ii) do not include secured creditors within sections 529 and 529A of the Companies Act, 1956, while realizations from sale of property for secured creditors fall within rule 291(4). The computation was therefore required to be revised by excluding non-chargeable interest and limiting fees to permissible heads. Case-Laws Companies Law Thu, 08 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111809