Abhyudaya Co-Operative Bank Ltd. v. Subhashri Extrusions Ltd.
Case brief
What is this about?
The High Court directed the Official Liquidator to adjudicate claims of 36 workers within 16 weeks and subsequently declare a final dividend from proceeds of immovable property sales to the applicant and workers on a paripassu basis.
What did the court decide?
Direction to adjudicate 36 workers' claims within 16 weeks and subsequently declare final dividend based on paripassu sharing between applicant and workers.