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2012 (6) TMI 371 - HC - Companies LawWinding up - workmen of the company-in-liquidation - workers filed application seeking direction to Official Liquidator for ad hoc disbursement of amount to the workers - secured creditor i.e. respondent SBI raised an objection to such ad hoc disbursement contending that procedure prescribed in provisions contained in rules 163 to 168 and 178 is required to be followed for the purpose of disbursement and for determining the extent of admissible claim – Held that:- Court has power to direct disbursement of the available amounts in accordance with the provision of sections 529, 529A and 530 then such power to direct final disbursement would include power to direct ad hoc disbursement as well. order passed for ad hoc disbursement keeping alive all rights and objections of all the secured creditors including the respondent SBI as well as all the workers, as regards the quantification of the final claim and/or disbursement ratio, and that, therefore, the request for ad hoc disbursement of the amount available with the Official Liquidator amongst the secured creditors and the workers is to be accepted
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