2019 (7) TMI 2029

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.... Ram Heda, Adv.h/f.Shri Anand Parchure, Adv. for Income Tax Dept. Shri M.N. Phadke, Advocate for Bank of Maharashtra. Shri N.A. Padhye, Advocate for Kotak Maindra Bank. Shri M.M. Sudame a/w. Shri A.M. Sudame, Advs. for workers. Shri S.N. Deshpande, Advocate for Claimant. Ms Mugdha Chandurkar, Advocate for DRT. Shri S.V. Sohoni, Advocate for IDBI & IFCI Bank Ltd. Shri S.Y. Deopujari, G.P. ....

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....r Central Excise and Customs Department, Nagpur and Shri S.Y. Deopujari, Government Pleader has put in appearance for Collector, Wardha and State Sales Tax Department, Nagpur. 5. Objection is raised on behalf of the unsecured creditors i.e. Collector, Wardha, State Sales Tax Department, Nagpur and Central Excise and Customs Department that secured creditors have waived their right of making any f....

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....nk through the Company Court will have to be sent to the Recovery Officer for disbursement. However, looking to the dispute between the secured creditors regarding their unsatisfied claims and the objection raised by the unsecured creditors regarding their entitlement and the claims made by the unsecured creditors, in my view, it would be appropriate at this stage to direct the Recovery Officer to....