https://www.taxtmi.com/caselaws?id=197711 The Court permitted the Official Liquidator to distribute the sale proceeds of Rs. 86 lacs with interest to Secured Creditors under section 529A of the Companies Act, 1956. The distribution included specific amounts for settlement of claims to two banks, as well as payments to workers and professional fees. The Court approved the recommendations in the Official Liquidator's report and allowed for payments to be made to the relevant parties through either cheque or electronic mode. The application was disposed of without any costs being awarded. en-us Mon, 22 Feb 2010 00:00:00 +0530 Fri, 12 Jan 2018 17:47:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197711 The Court permitted the Official Liquidator to distribute the sale proceeds of Rs. 86 lacs with interest to Secured Creditors under section 529A of the Companies Act, 1956. The distribution included specific amounts for settlement of claims to two banks, as well as payments to workers and professional fees. The Court approved the recommendations in the Official Liquidator's report and allowed for payments to be made to the relevant parties through either cheque or electronic mode. The application was disposed of without any costs being awarded. Case-Laws Companies Law Mon, 22 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197711