2014 (9) TMI 1251

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..... appeal. However, as recorded by the learned Company Judge in paragraph-46D of the impugned judgment, it shall be open for the Official Liquidator to disburse the dues of the workers after due verification. However, instead of disbursing the dues of the workers out of ₹ 14 crores deposited by the first respondent herein, ₹ 7 crores each shall be disbursed from the amount deposited b .....

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..... Advocate ORDER PER : HONOURABLE MS.JUSTICE HARSHA DEVANI Heard the learned advocates for the respective parties. Rule, returnable on 30th September, 2014. Ms. Sangeeta Vishen, learned advocate, waives service of notice of rule on behalf of respondent No.1, Ms. Amee Yajnik, learned advocate, waives service of notice of rule on behalf of respondent No.2, Mr. D.S. Vasavda, learned a .....

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..... pellant and the opponent No.1. Since the opponent No.1 has deposited ₹ 14 crores with the Registry, the entire amount shall be transferred to the Official Liquidator, out of which, ₹ 7 crores shall be disbursed towards the dues of the workers and the remaining ₹ 7 crores shall be kept in a fixed deposit in terms of the directions issued by the learned Single Judge. - - TaxTMI .....

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