https://www.taxtmi.com/caselaws?id=112770 The court addressed delays in adjudicating claims of secured creditors and workmen by the Official Liquidator, allowing interim disbursement to the applicant-company. Despite objections raised, a provisional disbursement of 25% of the claim was directed, subject to reimbursement if overpaid, with an interest liability of 9%. The court emphasized the need for fair distribution among all parties entitled to claims, balancing the applicant's concerns with equal treatment for all creditors. The judgment highlighted the importance of addressing specific concerns promptly while ensuring fairness in the liquidation process. en-us Thu, 22 Jan 2009 00:00:00 +0530 Wed, 19 Nov 2014 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112770 The court addressed delays in adjudicating claims of secured creditors and workmen by the Official Liquidator, allowing interim disbursement to the applicant-company. Despite objections raised, a provisional disbursement of 25% of the claim was directed, subject to reimbursement if overpaid, with an interest liability of 9%. The court emphasized the need for fair distribution among all parties entitled to claims, balancing the applicant's concerns with equal treatment for all creditors. The judgment highlighted the importance of addressing specific concerns promptly while ensuring fairness in the liquidation process. Case-Laws Companies Law Thu, 22 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112770