Liquidation Order Misinterpreted as Discharge Notice for Corporate Debtor's Staff, Lacks Legal and Factual Support.

Liquidation of Corporate Debtor - The Adjudicating Authority landed in error in directing that the liquidation order shall be deemed as a notice of discharge to the officers, employees and workmen of the Corporate Debtor. This cannot be supported either in law or on the facts of this particular case. .....

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