Co.Appl.-29/2009 1 IN THE HIGH COURT OF JUDICATURE FOR RAJASTHAN BENCH AT JAIPUR. SB COMPANY APPLICATION NO.29/2009 M/s Sadda Ram Kunj Bihari Lal Vs Mansinghka Oil Products Limited & anr. DATE OF ORDER : 13/05/2010 HON'BLE MR. JUSTICE AJAY RASTOGI *** None Present for applicant. Mr. Amod Kasliwal, for respondent No.1-OL. On the last date i.e. 22/04/2009 none was present on behalf of the applicant and even today none is present. Counsel for respondent-OL submits that the applicant is an unsecured creditor and as per the provisions of Section 529 and 529A of the Companies Act, 1956, the claims of the secured creditors and the workmen are to be paid in preference to all other claims. It has been further submitted that as per record of the Official Liquidator the claims of the secured creditors and the workmen are far exceeding the funds available in the credit of the company in liquidation and, therefore, there is no likelihood or chance of the applicant firm, which is an unsecured creditor, to receive any claim. What has been urged by Counsel for Official Liquidator has also been averred in para No.5 of the reply to the Company Application and no counter has been filed by the applicant. Taking note thereof, this Court finds no substance in the instant Company Application and it is hereby rejected. [AJAY RASTOGI], J. Raghu/p.1/ 29-Co.Appli-2009-final.doc