Supreme Court · 2004 INSC 250 · Decided 12 April 2004
Textile Labour Association and ANR. v. The Official Liquidator and ANR.
- Court
- Supreme Court of India
- Citation
- 2004 INSC 250 · [2004] 3 S.C.R. 1161
- Case number
- REVIEW PETITION (CIVIL) No. 1193/2001
- Decided
- 12 April 2004
- Bench
- S. RAJENDRA BABU, AR. LAKSHMANAN, G.P. MATHUR (3-judge bench)
- Outcome
- Case Allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 142; Companies Act Section 529A, 529
Headnote
Companies Act, 1956: A B Ss. 529, 529-A and 530-Company under liquidation-Priority of C claims-Held, s.529-A will override all claims of other creditors even where a decree has been passed by a court-Purpose of s.529-A is to ensure that workers should not be deprived of their legitimate claims and charged for payment for workers' dues- Such charge will be pari passu with the charge of secured creditors and have to be treated D accordingly-Constitution of India, 1950-Article 142. In the civil appeals disposed of by the Supreme Court, the official liquidator filed an application seeking
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)