https://www.taxtmi.com/caselaws?id=112529 Security agencies engaged under agreed empanelment and rate terms are entitled to recover watch-and-ward expenses where non-payment resulted from delay by the Official Liquidator or secured creditors; their claims supported by deployment lists and invoices must be paid from liquidation funds or by secured creditors if funds are insufficient. Proofs of Provident Fund and ESI payments are corroborative for verifying deployed staff but are not a precondition to payment. Claims must be verified by authorized staff strength, specific deductions made only for proven non-deployment or negligence, and record clarification completed within a short prescribed period with interim disbursement mechanisms provided. en-us Fri, 15 May 2009 00:00:00 +0530 Sat, 08 Nov 2014 20:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112529 Security agencies engaged under agreed empanelment and rate terms are entitled to recover watch-and-ward expenses where non-payment resulted from delay by the Official Liquidator or secured creditors; their claims supported by deployment lists and invoices must be paid from liquidation funds or by secured creditors if funds are insufficient. Proofs of Provident Fund and ESI payments are corroborative for verifying deployed staff but are not a precondition to payment. Claims must be verified by authorized staff strength, specific deductions made only for proven non-deployment or negligence, and record clarification completed within a short prescribed period with interim disbursement mechanisms provided. Case-Laws Companies Law Fri, 15 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112529