M/S Anita International vs Tungabadra Sugar Works Maz.Sangh & Ors on 4 July, 2016
proviso to Section 529 of the Companies Act creates a “pari passu” charge
in favour of the workmen to the extent of their dues ... workmen’s dues and collect it for
distribution among them pari passu with the secured creditors. The Official
Liquidator representing a ranked secured creditor working