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TMI Blog2021 (3) TMI 1383X X X X Extracts X X X X X X X X Extracts X X X X ..... eleased but however it is found important to have the amount crystallized and the persons to whom the amount to be paid identified before the said amount is released. In addition to the above application, persons who claim to be the legal heirs of the partners of a partnership firm, which was the petitioning creditor(s) have also filed an application for withdrawal of the main company petition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sadapurna Mukherjee,Adv. ORDER This litigation involving the liquidation and winding up of the Baranagore Jute Company has been pending for almost 30 years. Today, an application has been moved on behalf of the Baranagore Jute Mills Employees Union for directing that the workers dues be paid to them. Shri Vikas Singh, learned senior counsel appearing for the current management states ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the main company petition. According to Shri P.S. Narasimha, learned senior counsel appearing on behalf of the creditors, the amounts that are to be paid to the petitioning creditors have been satisfied and the creditors have no claim whatsoever over the assets of the company. He seeks leave to withdraw the main company petition. We are also of the view that the application for withdrawal of th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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