https://www.taxtmi.com/caselaws?id=789548 In liquidation distribution, alleged excess interim payments to secured creditors cannot be recovered with interest unless the entitlement and extent of excess are first determined after notice and an opportunity of hearing. Any such liability is deferred to decision by the Official Liquidator. Amounts set aside for belated or pending claims must also be limited to the same proportion as that payable to admitted secured creditors, rather than the full claimed amount, so that interim dividend distribution remains equitable. The recomputed dividend is to be disbursed on that proportionate basis among eligible secured creditors. en-us Thu, 26 Mar 2026 00:00:00 +0530 Fri, 10 Apr 2026 09:00:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789548 In liquidation distribution, alleged excess interim payments to secured creditors cannot be recovered with interest unless the entitlement and extent of excess are first determined after notice and an opportunity of hearing. Any such liability is deferred to decision by the Official Liquidator. Amounts set aside for belated or pending claims must also be limited to the same proportion as that payable to admitted secured creditors, rather than the full claimed amount, so that interim dividend distribution remains equitable. The recomputed dividend is to be disbursed on that proportionate basis among eligible secured creditors. Case-Laws Companies Law Thu, 26 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789548