TMI BlogRecovery of dues from company - employees dues - priority claim on debts - - Section 529A of the...Recovery of dues from company - employees dues - priority claim on debts - - Section 529A of the Companies Act, which gives workers’ dues a priority over all other debts, cannot be applied to the instant case in view of Section 167 of the Societies Act - Merely by virtue of being recoverable as arrears of land revenue, the employees’ dues, in respect of which a recovery certificate had been issued by the Industrial Court, cannot be treated as a paramount charge in terms of Section 169(1) of the ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
