Multi-State Co-operative Societies Act : Priority of contributions assessed by liquidator. Indian Bare

Multi-State Co-operative Societies Act,2002

Act No : 39

Section : Priority of contributions assessed by liquidator.

92. Priority of contributions assessed by liquidator.-Notwithstanding anything contained in any law relating to insolvency, the contribution assessed by a liquidator shall rank next to debts due to the Central Government or a State Government or a local uthority in accordance with the order of priority in insolvency proceedings.