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 authority in accordance with the order of priority in insolvency proceedings.
Chapter XI — WINDING UP OF MULTI-STATE CO-OPERATIVE SOCIETY
Section 92
Priority of contributions assessed by liquidator.
Printed from Law on Tips • The Multi-State Co-operative Societies Act, 2002