https://www.taxtmi.com/caselaws?id=220120 In winding up, the workmen's pari passu charge under sections 529 and 529A extends against every secured creditor, so second-charge creditors are included in the ratio. Leave encashment or earned leave for the period after closure and before winding up is not part of preferential workmen's dues and must be excluded. Wage level alone does not remove technical or operational employees from the definition of workman; exclusion depends on managerial, administrative or supervisory status, subject to verification. Ancillary claims such as compound interest, penal interest, liquidated damages, trusteeship fees and unsupported guarantee-related amounts are not admissible for section 529A disbursement. Fresh computation was directed on the revised basis. en-us Mon, 06 Aug 2012 00:00:00 +0530 Fri, 11 Jan 2013 10:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220120 In winding up, the workmen's pari passu charge under sections 529 and 529A extends against every secured creditor, so second-charge creditors are included in the ratio. Leave encashment or earned leave for the period after closure and before winding up is not part of preferential workmen's dues and must be excluded. Wage level alone does not remove technical or operational employees from the definition of workman; exclusion depends on managerial, administrative or supervisory status, subject to verification. Ancillary claims such as compound interest, penal interest, liquidated damages, trusteeship fees and unsupported guarantee-related amounts are not admissible for section 529A disbursement. Fresh computation was directed on the revised basis. Case-Laws Companies Law Mon, 06 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220120