https://www.taxtmi.com/caselaws?id=281882 The court granted leave to amend pleadings and allowed the plaintiffs to apply for the sale of properties under the Court Receiver's supervision. Unsecured creditors were permitted to pursue their claims, with priority given to secured creditors. Workers entitled to paripasu charge under Section 529-A of the Companies Act were to have their claims discharged. Other employees not covered by Section 529-A were treated like unsecured creditors. All parties agreed to the proposed arrangements. The suit was decreed as per the Minutes of Order, and the Notice of Motion was disposed of without specific cost orders. en-us Thu, 22 Sep 2005 00:00:00 +0530 Wed, 10 Jul 2019 18:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281882 The court granted leave to amend pleadings and allowed the plaintiffs to apply for the sale of properties under the Court Receiver's supervision. Unsecured creditors were permitted to pursue their claims, with priority given to secured creditors. Workers entitled to paripasu charge under Section 529-A of the Companies Act were to have their claims discharged. Other employees not covered by Section 529-A were treated like unsecured creditors. All parties agreed to the proposed arrangements. The suit was decreed as per the Minutes of Order, and the Notice of Motion was disposed of without specific cost orders. Case-Laws Indian Laws Thu, 22 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281882