JUDGEMENT
-
(1.) Mr. Majumdar, learned advocate appears on behalf of the contributory and hands up order dated 10th January, 2020 passed by the
Tribunal in O.A. 33/2014. He submits, his client's application for recalling
the certificate, issued by the Tribunal, is under challenge and the matter
posted to 5th March, 2020. As such he seeks, these applications be posted
thereafter. He files affidavit-in-opposition to the application of secured
creditor, Edelweiss Asset Reconstruction Company Ltd.. Mr. Sarker,
learned advocate appears on behalf of applicant in C.A. 135 of 2019 and
files affidavit-in-opposition to the application of said secured creditor. The
secured creditor has applied for possession of the secured property of the
company (in liquidation). Submissions of the contributory and workers are,
the secured creditor having stood outside winding up, must apply before
the Tribunal and not the winding up Court. The application should be
dismissed.
(2.) Mr. Prasad, learned advocate appears on behalf of Provident Fund authority. Ms. Sanyal, learned advocate appears on behalf of petitioning
creditor. They both want vacating of the stay of winding up.
(3.) Mr. Roy, learned advocate appears on behalf of Official Liquidator and reiterates that till date the contributory has not come up with a
scheme. Mr. Saha, learned advocate appears on behalf of security agency
and renews his prayer for payment.;
Click here to view full judgement.
Copyright © Regent Computronics Pvt.Ltd.