https://www.taxtmi.com/caselaws?id=113064 Claims for rent, electricity and water charges accruing after the winding-up order and while the property remained with the Official Liquidator were treated as costs, charges and expenses incurred in winding up. The court distinguished such liquidation expenses from ordinary debts, holding that section 476 of the Companies Act, 1956 separately governs payment of winding-up expenses and is not absorbed by the debt priority scheme in sections 529A and 530. Rule 338 of the Companies (Court) Rules, 1959 likewise distinguishes preservation and realisation expenses from general creditor claims. The claimant was therefore entitled to payment without waiting for adjudication along with other debts. en-us Fri, 18 Jul 2008 00:00:00 +0530 Thu, 04 Dec 2014 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113064 Claims for rent, electricity and water charges accruing after the winding-up order and while the property remained with the Official Liquidator were treated as costs, charges and expenses incurred in winding up. The court distinguished such liquidation expenses from ordinary debts, holding that section 476 of the Companies Act, 1956 separately governs payment of winding-up expenses and is not absorbed by the debt priority scheme in sections 529A and 530. Rule 338 of the Companies (Court) Rules, 1959 likewise distinguishes preservation and realisation expenses from general creditor claims. The claimant was therefore entitled to payment without waiting for adjudication along with other debts. Case-Laws Companies Law Fri, 18 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113064