realised from such
security, prior to the payment attributable to
the preferential creditors under Section 530 of
the Act. If the secured creditors ... this application directed the Official
Liquidator to invite claims from the preferential
creditor under Section 530 of the Companies Act, 1956
(hereinafter referred
appellant cannot be permitted to satisfy the claims
of a few creditors on preferential basis, for if the assets fall short, it
would mean that ... normally be divided into three categories
(which may themselves overlap), of preferential creditors,
secured creditors and unsecured creditors. Unsecured
CO.PET.357/2015 Page
recognise the employees of the company in respect of bonus as preferential creditors within the meaning of Section 230 of the Indian Companies Act corresponding
substantiated. The affidavit shall state
whether the creditor is a secured creditor, or a preferential
creditor, and if so, shall set out the particulars ... preferential claims. The affidavit shall be in Form No.
66."
A liquidator has to give notice inviting creditors, who have not proved
their debts
Gujarat Unit of the Company
had two secured creditors namely Gujarat Industrial Investment Corporation and
Allahabad Bank being 1st and 2nd Charge Holders respectively ... admitted as
of Creditor preferential
I Bihar State Secured 2,59,34,335/- 2,59,34,335/ Preferential
Financial Creditors (for U/s 529A
Corporation
pleased to permit the Official
Liquidator to invite claim from
Preferential Creditors, Unsecured
Creditors, all other classes of
creditors including shareholders/
contributors, etc. under Section ... from the
Page 6 of 7
C/OLR/103/2018 ORDER
preferential creditors, Unsecured Creditors,
all other classes of creditors including
shareholders/contributors, etc. under
dues
of unsecured creditors amounting
Rs.49,89,30,589/ and preferential creditors to
the tune of Rs.21,89,912/.
5. The record also
Official
Liquidator to invite claims of all classes of Creditors i.e. Secured
Creditors, Workers, Preferential Creditors and other creditors
falling under Sections
Page 3 of 8
C/OLR/132/2017 ORDER
Payment to Preferential Creditors 18,06,479/-
Payment to Unsecured Creditors 30,364/-
Total
Permit the Official Liquidator to declare a dividend @ 100% to the
secured creditor of the admitted amount which works ... Official Liquidator to declare a dividend @ 74.73397% in a
rupee to preferential creditors of their admitted amounts which works
