Secured creditors rank at par irrespective of their holding charge U/s. 529/529A of Companies Act, 1956

HIGH COURT OF GUJARAT Textile Labour Association Versus Official Liquidator of Arbuda Mills Ltd.   O.J. Appeal Nos. 110 & 152 of 2008† Co. Application Nos. 237 of 2005, 411 & 657 of 2006 November 7, 2012 ORDER Ravi R. Tripathi, J. Incidentally, the appellant in both the appeals is the same -Textile Labour Association. Both these appeals are filed being aggrieved by the order passed by the learned Company Judge, which is in O.J. Appeal No.110 of 2008 his order passed in Company Application No.411 of 2006 and in OJ Appeal No.152 of 2008 the order is in Company Applic...