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Whether workmens dues will have pari passu charge over the proceeds of the secured assets if enforced under this act ?

April 26, 2017ACT assets charge dues enforced pari Passu proceeds secured workmen

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Whether workmens dues will have pari passu charge over the proceeds of the secured assets if enforced under this act ?

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Yes. The workmen’s dues will have pari-passu charge with that of the secured creditors in terms of Section 529-A of the Companies Act. 37. Whether the sale certificate for immovable property attracts stamp duty and registration with the Sub-Registrar concerned. Yes.