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Monday, June 28, 2010

Winding up & Employment Due

Employment dues are 'debts' within the scope of Section 434 of the Companies Act, 1956 - Pawan Kumar Khullar v. Kaushal Leather Board Limited, AIR 1996 MP 85.


But See Contrary view taken in  116 Comp Cas 448 (2003), Suryanarayana v. Stiles Ltd. (AP)

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