2005 (9) TMI 679

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Mangaldas for Plaintiff. Mr. Shaukat Merchant alongwith Sindhu Sarath & Manik Joshi i/b. M & M Legal Venture for Defendant No.1. Mr. Virag Maniyar for Defendants No.2 to 7. Mr.V.C. Kotwal for Employees. Mr. Jimit Shah i/b. Dave Girish & Co. for Defendant No.6. Mr. Sunip Sen for all Creditors and Project affected person. Ms. Ruchi Narula alongwith Nitin Sharma i/b. Jurisconsultus Consu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....opriate proceedings for adjudication of their claim. In any event, if any unsecured creditors obtains any order or decree, then they will be entitled for the said amount subject to the following. In that event, Court shall appoint a valuer for valuation of the assets which are coming in the hands of the respondent no.7 under the present order and on receipt of such valuation report, the Court shal....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 529-A of the Act. 4. In so far as other employees are concerned which are not entitled to such protection under Section 529-A, they will stand alongwith unsecured creditors and their rights will be covered by the same provision as made in respect of unsecured creditors. 5. All the parties who are appearing in the present suit have no objection to the aforesaid arrangement which takes care o....