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Companies Law - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Claim of secured creditors and the workmen to balance due - ...


Secured Creditors and Workmen Share Equally in Claims Under Inter Se Pari Passu Charge in Company Law.

November 17, 2012

Case Laws     Companies Law     SC

Claim of secured creditors and the workmen to balance due - workmen's charges as well as that of the secured creditors have to be paid in preference to all others, but with inter se pari passu charge on the amounts realized from the sale of the security or otherwise - SC

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