MA 001308 - / 2020
THE MAHARASHTRA STATE CO-OPERATIVE BANK LTD. THROUGH ITS DEPUTY MANAGER AKSHAY NAGARNAIK vs BABULAL LADE
Status
DISPOSED
Judges
HON'BLE MR. JUSTICE M.R. SHAH and HON'BLE MR. JUSTICE C.T. RAVIKUMAR
Order Date
24-03-2023
Citation
2023 INSC 295
Filed On
17-03-2020 02:42 PM
AI Summary
In proceedings for distribution of sale proceeds from an auctioned property of a factory in liquidation, the liability to pay employees' dues of salary/wages falls upon the secured creditor-bank, while statutory dues such as provident fund, gratuity, and bonus are recoverable from the subsequent purchaser.