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1965 (7) TMI 37
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....avala Chowdary and B. Srinivasa Rao for the Appellant. JUDGMENT This is an appeal against an order of the official liquidator in Claim No. 7 in O.P. 4/1957, applying section 25-FFF of the Industrial Disputes Act, 1947 and also disallowing the claim for priority under section 530(1)(b) of the Companies Act, 1956. The appellant relies on section 25-F of the Industrial Disputes Act and claims 6....
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....is not attracted because the company has been liquidated due to financial difficulties, then section 25-F will apply. Section 25-F runs thus:- "No workman employed in any industry who has been in continuous service for not less than one year under an employer shall be retrenched by that employer until- (a) the workman has been given one month's notice in writing indicating the reasons for re....
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....ed. In respect of the priority claimed by the appellant, his contention is that the amount is payable to him under the provisions of Chapter V-A of the Industrial Disputes Act, 1947, and, consequently, under section 530(1)(b) of the Companies Act, the amount payable must be given priority. The official liquidator, on the other hand, contend that this amendment came in December, 1960, while the ....