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1965 (7) TMI 37 - HIGH COURT OF ANDHRA PRADESHExtract: .......) will have priority. The-limit provided in sub-section (2) is that the amount shall not exceed one thousand rupees. In my view, the appellant is entitled to priority and, since the amount does not exceed Rs. 1000, he shall be given priority in accordance with the provisions of section 530 of the Companies Act. In the result, the appeal is allowed.
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