https://www.taxtmi.com/caselaws?id=298774 The court directed the Official Liquidator to distribute funds based on a ratio of 55.97% for workers and 44.03% for Secured Creditors, as per the second report of the Chartered Accountant. Secured Creditors were allowed to determine distribution among themselves based on their priority claims. The court clarified the distribution of funds in the liquidation process, settling the issue between workers and Secured Creditors. en-us Wed, 02 Mar 2005 00:00:00 +0530 Fri, 19 Nov 2021 17:52:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298774 The court directed the Official Liquidator to distribute funds based on a ratio of 55.97% for workers and 44.03% for Secured Creditors, as per the second report of the Chartered Accountant. Secured Creditors were allowed to determine distribution among themselves based on their priority claims. The court clarified the distribution of funds in the liquidation process, settling the issue between workers and Secured Creditors. Case-Laws Companies Law Wed, 02 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298774