https://www.taxtmi.com/caselaws?id=112817 An employee whose termination had been finally set aside as illegal was entitled to salary arrears for the period before the company's winding up. Because the salary claim related to a pre-winding-up period and had already been allowed in computation proceedings under section 33C(2) of the Industrial Disputes Act, it did not become a post-liquidation debt subject to the priority scheme under the Companies Act, 1956. The employee was therefore to be treated on par with similarly situated workmen, and the arrears up to 31-10-1994 remained payable. en-us Wed, 04 Mar 2009 00:00:00 +0530 Sat, 15 Nov 2014 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112817 An employee whose termination had been finally set aside as illegal was entitled to salary arrears for the period before the company's winding up. Because the salary claim related to a pre-winding-up period and had already been allowed in computation proceedings under section 33C(2) of the Industrial Disputes Act, it did not become a post-liquidation debt subject to the priority scheme under the Companies Act, 1956. The employee was therefore to be treated on par with similarly situated workmen, and the arrears up to 31-10-1994 remained payable. Case-Laws Companies Law Wed, 04 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112817