Service Law: Salary/wages – Payment of – Payment of dues of the employees of the sugar factory in liquidation by the appellantBank, out of the sale proceeds from the auctioned property – Appellant Bank deposited 25% of the total amount due, in this Court as also deposited certain sum with the Industrial Court – Appellant Bank then sought transfer of that amount along with interest to the account of the Collector with the direction to distribute the amount as per the entitlement of each and every employee of the sugar factory after proper identification proportionately – Held: The amount due and payable towards the wages/salaries of the concerned employees of the sugar factory in liquidation to be paid to them and/or to their legal heirs – Furthermore, the full particulars including the bank account particulars of the concerned employees required to see that the amount goes to the right person – Thus, issuance of certain directions – Amount deposited with this Court along with interest accrued and the amount deposited with the Industrial Court be transferred to the Collector to distribute the same to the said employees/legal heirs of the employees after proper identification and verification of the claims – Appellant Bank also permitted to withdraw the excess amount deposited.
As published in the Supreme Court Reports, Supreme Court of India. Text from the Indian Supreme Court Judgments open data set (Dattam Labs), CC BY 4.0.
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