https://www.taxtmi.com/caselaws?id=290433 The Court allowed the Official Liquidator to disburse funds to eligible workers and secured creditors of a company in liquidation according to a specified ratio and conditions. It emphasized the importance of verifying claims and complying with outlined procedures for accurate disbursement. The Court granted permission for the disbursement based on existing agreements from some secured creditors and the availability of funds in the company's account. The applications were disposed of with detailed directions for the prompt completion of the disbursement process. en-us Fri, 09 Feb 2018 00:00:00 +0530 Fri, 25 Sep 2020 20:37:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290433 The Court allowed the Official Liquidator to disburse funds to eligible workers and secured creditors of a company in liquidation according to a specified ratio and conditions. It emphasized the importance of verifying claims and complying with outlined procedures for accurate disbursement. The Court granted permission for the disbursement based on existing agreements from some secured creditors and the availability of funds in the company's account. The applications were disposed of with detailed directions for the prompt completion of the disbursement process. Case-Laws Companies Law Fri, 09 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290433