https://www.taxtmi.com/caselaws?id=411143 In winding-up administration, the Court permitted the Official Liquidator to proceed with liquidation-related steps and payments from company funds, including publication of notice, appointment of contractual staff, enhancement of professional fee, release of admitted dues, filing of income tax return for TDS refund, and payment of audit expenses, subject to compliance with law. It also applied Rule 179 of the Companies (Court) Rules, 1959 to hold that unsecured creditors were entitled to interest at 4% per annum on delayed payment, running from the date of winding up until declaration of dividend. en-us Tue, 20 Jul 2021 00:00:00 +0530 Wed, 18 Aug 2021 09:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411143 In winding-up administration, the Court permitted the Official Liquidator to proceed with liquidation-related steps and payments from company funds, including publication of notice, appointment of contractual staff, enhancement of professional fee, release of admitted dues, filing of income tax return for TDS refund, and payment of audit expenses, subject to compliance with law. It also applied Rule 179 of the Companies (Court) Rules, 1959 to hold that unsecured creditors were entitled to interest at 4% per annum on delayed payment, running from the date of winding up until declaration of dividend. Case-Laws Companies Law Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411143