1995 (7) TMI 316

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.... Aggarwal for the Respondent. JUDGMENT V.K. Jhanji, J. -- In this petition under article 226 of the Constitution of India, the petitioners are seeking a direction to the respondents to grant the petitioners the higher pay scale plus other allowances presently applicable to the security officers and security guards working with the respondent-bank on the principle of equal pay for equal work. H....

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....red creditors to advance adequate funds to the official liquidator to enable him to meet the watch and ward charges to be made to the security staff and the amount so paid be treated as an advance to be recovered out of the assets of the company in priority to its debts. Vide order dated December 17, 1987, passed in Company Petition No. 114 of 1987, D.V. Sehgal J. (as he then was), directed respon....

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.... been receiving the amount of their salary from the official liquidator. The petitioners were never employed by the respondent-bank, rather they were employees of the company to whom the banks had advanced huge loan. It was in pursuance of the orders of this court that the respondents advanced money to the official liquidator on behalf of the company to be paid as salary to these security guards. ....