https://www.taxtmi.com/caselaws?id=314505 The court directed the Recovery Officer to determine the entitlement of secured and unsecured creditors in a liquidation case, considering priorities under Section 529A of the Companies Act, 1956, and Section 31B of the RDB Act. An amount of Rs.20,00,00,000 was allocated for disbursement. Unsecured creditors were given one month to file claims, while secured creditors could submit or update claims within the same period. The Recovery Officer was instructed to submit a report within four months, resolving the entitlement dispute between the parties. en-us Fri, 12 Jul 2019 00:00:00 +0530 Sat, 15 Jun 2024 08:23:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314505 The court directed the Recovery Officer to determine the entitlement of secured and unsecured creditors in a liquidation case, considering priorities under Section 529A of the Companies Act, 1956, and Section 31B of the RDB Act. An amount of Rs.20,00,00,000 was allocated for disbursement. Unsecured creditors were given one month to file claims, while secured creditors could submit or update claims within the same period. The Recovery Officer was instructed to submit a report within four months, resolving the entitlement dispute between the parties. Case-Laws Companies Law Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314505