https://www.taxtmi.com/caselaws?id=193952 Employees' contribution could not be separately claimed in winding up where the wages had already been paid in full without deduction, because that amount had reached the employees and did not survive as a distinct recoverable debt. Damages under section 14B were not provable until first adjudicated by the competent provident fund authority after notice and hearing, as unliquidated damages do not crystallise into a debt before adjudication. Interest under section 7Q remained subject to the Companies (Court) Rules, under which post-winding-up interest is payable only where there is surplus and within the permitted limit; in the absence of surplus, no further interest could be directed beyond the admitted claim. en-us Wed, 06 Jan 2016 00:00:00 +0530 Thu, 24 Aug 2017 07:45:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193952 Employees' contribution could not be separately claimed in winding up where the wages had already been paid in full without deduction, because that amount had reached the employees and did not survive as a distinct recoverable debt. Damages under section 14B were not provable until first adjudicated by the competent provident fund authority after notice and hearing, as unliquidated damages do not crystallise into a debt before adjudication. Interest under section 7Q remained subject to the Companies (Court) Rules, under which post-winding-up interest is payable only where there is surplus and within the permitted limit; in the absence of surplus, no further interest could be directed beyond the admitted claim. Case-Laws Indian Laws Wed, 06 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193952