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Section 325 in The Companies Act, 2013 [Entire Act]

every secured creditor shall be deemed to be subject to a pari passu charge in favour of the workmen to the extent of the workmen ... workmen’s portion in his security, whichever is less, shall rank pari passu with the workmen’s dues for the purposes of section
Union of India - Section Cites 0 - Cited by 5

Section 326 in The Companies Act, 2013 [Entire Act]

clause (iii) of the proviso to subsection (1) of section 325 pari passu with such dues, shall be paid in priority to all other debts ... thirty days of sale of assets and shall be subject to such charge over the security of secured creditors as may be prescribed
Union of India - Section Cites 0 - Cited by 93
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