Gujarat HC allows Interim Disbursement as Worker Claims Require Fresh Verification

Gujarat Engineering And General Kamdar Union Vs Official Liquidator (Gujarat High Court) Multiple company applications were filed by secured creditors and workers’ unions of APS Star Industries Limited (in liquidation) seeking directions for disbursement of sale proceeds realized by the Official Liquidator from the sale of the company’s assets. Some applications also sought re-verification of workers’ claims under Sections 529 and 529-A of the Companies Act, 1956. As all applications arose from the same liquidation proceedings, involved common issues, and relied on earlier orders of the ...