https://www.taxtmi.com/acts?id=17623 Workmen's dues are payable in priority to all other debts in company winding up; where a secured creditor realises security, the unsecured shortfall or the workmen's portion of that security is payable pari passu with workmen's dues. Specified wage sums for a prescribed recent period must be paid within thirty days of asset sale and have a prescribed charge over secured creditors' security; those sums must be paid in full before any distributions to secured creditors and, if assets are insufficient, abate in equal proportions. en-us Sat, 02 Mar 2013 15:34:31 +0530 Fri, 12 Dec 2025 18:14:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17623 Workmen's dues are payable in priority to all other debts in company winding up; where a secured creditor realises security, the unsecured shortfall or the workmen's portion of that security is payable pari passu with workmen's dues. Specified wage sums for a prescribed recent period must be paid within thirty days of asset sale and have a prescribed charge over secured creditors' security; those sums must be paid in full before any distributions to secured creditors and, if assets are insufficient, abate in equal proportions. Act-Rules Companies Law Sat, 02 Mar 2013 15:34:31 +0530 https://www.taxtmi.com/acts?id=17623