equal proportions.
11. The provision requires the apportionment of the amounts paripassu
and equally, qua the secured credit and the workmen. In the present case
given in Annexure-IV and it is noticed that 16 creditors
have paripassu first charge on movables/immovable assets. The
Annexure-V is the table
2020 and our decision rendered therein will apply
paripassu the other appeal also.
4. Grounds raised by the Revenue in ITA No. 575/Ahd/2020
2020 and our decision rendered therein will apply
paripassu the other appeal also.
4. Grounds raised by the Revenue in ITA No. 575/Ahd/2020
