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The High Court of Gujarat granted interim relief to Nutan Mills Employees Co-operative Credit Society Ltd. The court directed the official liquidator to pay the outstanding amount to the credit society before distributing the company's assets. The court held that the amount was impressed with the character of trust money, allowing the credit society to make a preferential claim. The court ordered the amount to be paid to the credit society and kept in a fixed deposit pending the outcome of the appeal.
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