section 81
Priority of contribution assessed by liquidator.
The Himachal Pradesh Cooperative Societies Act, 1968Corporate1968110 sections12 chapters
Chapter X WINDING UP AND DISSOLUTION OF CO-OPERATIVE
Statutory text
Notwithstanding anything contained in the Provincial Insolvency Act, 1920 (5 of 1920), the contribution assessed by liquidator shall rank next to debts due to the Government or to any local authority in order of priority insolvency proceedings.
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