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2010 (8) TMI 170 - HC - Companies LawWinding up - Overriding preferential payments - order directing the Official Liquidator to release the further adjudicated/readjudicated amount of ₹ 68,55,885 payable by the company-in-liquidation. Held that:- The debtor in the present case is a company-in-liquidation and the provisions of sections 529, 529A and 530 of the Companies Act, 1956 are applicable and these provisions contain such a charge as held by the Supreme Court itself. In view thereof and in view of the observations of the Supreme Court, it must be held that the applicant’s dues do not have priority over the dues which fall within the ambit of section 529A of the Companies Act, 1956.
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