National Service Act : Priority of debts. Indian Bare Acts :

National Service Act,1972

Act No : 28

Section : Priority of debts.

30.Priority of debts. Notwithstanding anything contained in the Presidency Towns Insolvency Act, 1909,(3 of 1909). the Provincial Insolvency Act 1920,(5 of 1920). the Companies Act, 1956,(1 of 1956). or the Partnership Act, 1932,(9 of 1932). any compensation payable under this Act shall have priority over all other unsecured debts.