9911796707
TMI Blog2002 (9) TMI 896X X X X Extracts X X X X X X X X Extracts X X X X ..... ORAL ORDER #. Company Application No.219/99 was filed in Company Petition No.156/89 by the applicant-Textile Labour Association and taken out Judge's Summons for certain directions mentioned in it. Different Hon'ble Judges have passed various orders on this application. Lastly, my learned Brother C.K.Buch, J. passed order dated 6.9.2000 with the consent of the parties, except ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orkers are entitled for more than ₹ 70 lakhs as per the ratio worked out for workers i.e. 81.74% and balance 16.26% for the secured creditors. However, Mr.Desai, learned counsel appearing for the State Bank of India disputes the ratio given by the Chartered Accountant and the amount to be paid to the workers. According to his submission, it would not be 81.74%, but at the most it can be only ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ting the ratio even fixed by the Chartered Accountant. According to Mr.Desai appearing for State Bank of India they will be entitled for more. That question can be gone into and decide later on. However, in view of the fact that the amount due and payable to the workers is due since long and they could not even get it in last Diwali and now the next Diwali is approaching, therefore, at least an am ..... X X X X Extracts X X X X X X X X Extracts X X X X
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