The Second Schedule

[See sections 19, 20, 21 and 25] ORDER OF PRIORITIES FOR THE DISCHARGE OF LIABILITIES IN RESPECT OF THE SICK TEXTILE UNDERTAKING. PART I: Category-I: Arrears in relation to provident fund, salaries and wages and other amounts due to an employee for the pre-take over management period. PART II: OTHER LIABILITIES: (A) Post-takeover Management Period: Category-II: (a) Loans advanced 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-takeover 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 Nationalised Bank or public financial Institution.