https://www.taxtmi.com/caselaws?id=272112 Dissenting workmen not bound by union-backed consent terms may still have their dues determined under the Companies Act liquidation scheme, and their claims are confined to what Sections 529 and 529A permit. Wages after closure were recoverable only by workmen who joined the workers' cooperative and actually continued working until the winding-up order; others could not claim wages from the earlier closure date. Notice pay, general leave encashment, bonus and interest were not allowable as preferential claims, while gratuity remained payable according to law and the liquidation priorities. en-us Wed, 06 Jan 2016 00:00:00 +0530 Sat, 27 Feb 2016 09:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272112 Dissenting workmen not bound by union-backed consent terms may still have their dues determined under the Companies Act liquidation scheme, and their claims are confined to what Sections 529 and 529A permit. Wages after closure were recoverable only by workmen who joined the workers' cooperative and actually continued working until the winding-up order; others could not claim wages from the earlier closure date. Notice pay, general leave encashment, bonus and interest were not allowable as preferential claims, while gratuity remained payable according to law and the liquidation priorities. Case-Laws Companies Law Wed, 06 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272112