https://www.taxtmi.com/caselaws?id=112740 In company liquidation, workers' dues carry pari passu status with secured creditors under sections 529 and 529A of the Companies Act, 1956, while preferential payments remain governed by section 530. Interest on admitted claims after the winding up order is not available as a general power; it can be awarded only under Rule 179 of the Companies (Court) Rules, 1959. That rule permits subsequent interest only after admitted claims are paid in full and a surplus remains, making surplus funds a condition precedent. Resort to section 35 of the Civil Procedure Code was rejected as inconsistent with Rule 179. en-us Thu, 18 Dec 2008 00:00:00 +0530 Fri, 21 Nov 2014 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112740 In company liquidation, workers' dues carry pari passu status with secured creditors under sections 529 and 529A of the Companies Act, 1956, while preferential payments remain governed by section 530. Interest on admitted claims after the winding up order is not available as a general power; it can be awarded only under Rule 179 of the Companies (Court) Rules, 1959. That rule permits subsequent interest only after admitted claims are paid in full and a surplus remains, making surplus funds a condition precedent. Resort to section 35 of the Civil Procedure Code was rejected as inconsistent with Rule 179. Case-Laws Companies Law Thu, 18 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112740