Khoday Distilleries Ltd. (Now Khoday ... vs Sri Mahadeshwara Sahakara Sakkare ...

The Supreme Court addressed the identical legal issues in two civil appeals concerning the rights of creditors in the liquidation process of a cooperative sugar factory. The court emphasized the need for equitable treatment of all creditors and clarified the procedural aspects of the liquidation process under the relevant statutes. Ultimately, the appeals were decided in favor of the appellants, ensuring their claims were recognized in the liquidation proceedings.