https://www.taxtmi.com/caselaws?id=112455 In liquidation, post-winding-up interest on admitted ESI contributions is recoverable only where the estate has a surplus after full satisfaction of admitted claims; absent surplus, such interest is not allowed beyond the winding-up date. Damages under section 85B of the Employees' State Insurance Act are not admissible unless first validly determined after notice and hearing, and a claim lodged without such determination is premature. ESI dues rank only as priority debts under section 530 of the Companies Act and do not override the overriding preferential payments protected by section 529A. The appeal therefore failed and the Official Liquidator's order admitting only duly proved dues was sustained. en-us Mon, 06 Apr 2009 00:00:00 +0530 Tue, 11 Nov 2014 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112455 In liquidation, post-winding-up interest on admitted ESI contributions is recoverable only where the estate has a surplus after full satisfaction of admitted claims; absent surplus, such interest is not allowed beyond the winding-up date. Damages under section 85B of the Employees' State Insurance Act are not admissible unless first validly determined after notice and hearing, and a claim lodged without such determination is premature. ESI dues rank only as priority debts under section 530 of the Companies Act and do not override the overriding preferential payments protected by section 529A. The appeal therefore failed and the Official Liquidator's order admitting only duly proved dues was sustained. Case-Laws Companies Law Mon, 06 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112455