The Deputy Official Liquidator has filed his report, dated 13.8.2014, wherein he has inter alia referred to various earlier orders of this Court followed by the orders of adjudication. He has further stated that in pursuance of order, dated 29.01.2009, in Company Appeal No.11 of 2005, the Official Liquidator has readjudicated the claims of the workmen including the casual labourers and accordingly, an amount of Rs.2,500.47 lakhs in favour of regular workmen and Rs.92.07 lakhs in favour of casual workers was admitted as per Form-69, dated 25.8.2009, against the original payment of Rs.1,229.47 lakhs towards the workmen dues and Rs.76,95,536.35 paise towards the casual labourers. It is further stated that the workmen were paid dividend at the rate of 41.27%, while the casual labourers were paid the dividend at the rate of 70.28% of their admitted amounts as against 84.16% of the admitted amount having been paid to the IDBI. The report further stated that still an amount of Rs.1,382.14 lakhs to the workmen and Rs.27.32 lakhs to the casual workers is payable, while an amount of Rs.157.11 lakhs is payable to the IDBI and that a sum of Rs.2.75 crores is only available as on date (after keeping aside sale consideration & EMD amounts, wherein sales are yet to be confirmed) to the credit of the company (in liquidation).
