https://www.taxtmi.com/caselaws?id=299660 The Gujarat High Court directed the distribution of funds between workers and secured creditors of Omex Investors Ltd. with a ratio of 81.74% for workers and 16.26% for secured creditors. An interim order mandated the disbursement of Rs. 55,00,000 to workers, with the Official Liquidator allowed to break an F.D.R. for payment facilitation. Further discussions were set for a later date, maintaining transparency through a separate account. The case was adjourned for further proceedings on 27.11.2002. en-us Wed, 18 Sep 2002 00:00:00 +0530 Fri, 24 Dec 2021 14:16:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299660 The Gujarat High Court directed the distribution of funds between workers and secured creditors of Omex Investors Ltd. with a ratio of 81.74% for workers and 16.26% for secured creditors. An interim order mandated the disbursement of Rs. 55,00,000 to workers, with the Official Liquidator allowed to break an F.D.R. for payment facilitation. Further discussions were set for a later date, maintaining transparency through a separate account. The case was adjourned for further proceedings on 27.11.2002. Case-Laws Companies Law Wed, 18 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299660