1 IN THE HIGH COURT OF JUDICATURE OF BOMBAY IN THE HIGH COURT OF JUDICATURE OF BOMBAY IN THE HIGH COURT OF JUDICATURE OF BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.307 OF 2007 IN COMPANY PETITION NO.521 OF 1992 Henkel Chemicals (India) Ltd. ..Petitioner. V/s. Garware Nylons Ltd. ..Respondent. And Parilal Bandu Kale & ors. ..Applicants. Mr.S.D.Thokade with Sanjay Gawade for applicants. Mr.Kedar Dighe for O.L. CORAM: A.M.KHANWILKAR,J CORAM: A.M.KHANWILKAR,J CORAM: A.M.KHANWILKAR,J DATE : JANUARY 22, 2008. DATE : JANUARY 22, 2008. DATE : JANUARY 22, 2008. P.C. : P.C. : P.C. : 1. As it is well established position that the gratuity amount payable to the workers of the company cannot be treated as asset of the company, the Official Liquidator is bound to ensure that the gratuity amount payable to the workers is first settled before disbursing the amount to other claimants. This application is accordingly allowed in terms of prayer clauses (a) and (b). 2. Application disposed off accordingly. 2 (A.M.KHANWILKAR,J) (A.M.KHANWILKAR,J) (A.M.KHANWILKAR,J)