https://www.taxtmi.com/caselaws?id=429147 The Court approved the preferential claim of Gujarat Commercial Tax [GST] under Section 530 (1) (a) of the Companies Act, 1956, directing disbursement of funds to Gujarat Commercial Tax [GST] and IDBI Bank Ltd. The Official Liquidator was permitted to encash premature Fixed Deposit Receipts for disbursement to secured creditors. Chartered Accountants adjudicated claims, ensuring transparency. Court addressed grievances raised by creditors, emphasizing adherence to legal procedures. The Official Liquidator's report was accepted, concluding the matter with a systematic and lawful process for claim evaluation and disbursement, protecting the interests of all parties involved in the liquidation. en-us Fri, 14 Oct 2022 00:00:00 +0530 Wed, 19 Oct 2022 09:06:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429147 The Court approved the preferential claim of Gujarat Commercial Tax [GST] under Section 530 (1) (a) of the Companies Act, 1956, directing disbursement of funds to Gujarat Commercial Tax [GST] and IDBI Bank Ltd. The Official Liquidator was permitted to encash premature Fixed Deposit Receipts for disbursement to secured creditors. Chartered Accountants adjudicated claims, ensuring transparency. Court addressed grievances raised by creditors, emphasizing adherence to legal procedures. The Official Liquidator's report was accepted, concluding the matter with a systematic and lawful process for claim evaluation and disbursement, protecting the interests of all parties involved in the liquidation. Case-Laws Companies Law Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429147