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IBC - Highlights / Catch Notes

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Initiation of CIRP - Liquidation process - preference of workmen ...

Insolvency and Bankruptcy

August 22, 2019

Initiation of CIRP - Liquidation process - preference of workmen for payment of dues - the provident fund, the pension fund and the gratuity fund do not come within the meaning of ‘liquidation estate’ for the purpose of distribution of assets u/s 53.

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