14.0 The appeals/objections O-13 (Executive Engineer, PWD, Auraiya and O-23 to 27, O-28 (Parash Nath Cement Pvt. Ltd.), O-29 to 34, O-44 and by the Forest Department, O-61 to 63, O- 81 & 82, O-88 have been filed by the Government departments unsecured creditors, who had completed works or made advanced for supply of cement. Some of these unsecured creditors are dump/depot holders/transporters with their claims against the company (in liquidation). These persons failing in the category of unsecured creditors. Having partly admitted the appeals/objections of the secured creditors and workmen and having separated the amounts detailed in the order as liquidation expenses, there will be no amount left to be paid to the Government Departments and unsecured creditors under Section 530 of the Act. The considerations of the appeals/objections of secured creditors and workmen has not left amount to be paid in full to the secured creditors and workmen and that a pari-passu deduction has to be made of their admitted claims under Section 529-A of the Companies Act 1956. In the circumstances, the determination of admittance of proofs of their claims of the State Government departments and unsecured creditors as well as their appeals/objections are dismissed. Some of these appeals by Government departments and unsecured creditors were decided separately and that all were dismissed.”
