Preliminary Notes

Arrears in relation to provident fund, salaries and wages and other amounts, due to an employee for the pre-take over management period. Category-II 1(a) Loans advanced and liabilities including contingent liabilities arising from guarantees given by a bank] (b) Loans advanced by an institution other than a Bank. (c) Any other loan. (d) Any credit availed of for purposes of trade or manufacturing operations Category-III (a) Revenue, taxes, cesses, rates or any other dues to the Central Government or a State Government. (b) Any other dues (B) PRE- TAKE OVER MANAGEMENT PERIOD Category-IV Principal amounts of the secured loans advanced by any Nationalised Bank or public financial institution. Category-V Secured loans other than those specified under Category IV. Category-VI Revenue, taxes, cesses, rates or any other dues to the Central Government, a State Government, a local authority or a State Electricity Board. Category –VII (a) Any credit availed of for purpose of trade or manufacturing operations. (b) Any other dues. Category– VIII Interest amounts on the secured loans advanced by any nationalized bank or public financial institution. 1. Substituted by Act 10 of 1990