Liquidation of companies

Accountancy

What are over riding prefertial payments?

lohith perumalla

CA Inter

★ 8K+

09-Jul-23 04:56

505

Answers (3)

As per section 326, over riding preferential payments are Debts which are paid priority to all other assets Ex: workman dues (salary,wages)

Pragathish M

CA Final

★ 46K+

09-Jul-23 06:15

Does Only workman dues are overriding preferential payments?

Thread Starter

lohith perumalla

CA Inter

★ 8K+

09-Jul-23 08:39

Certain dues are to be settled in the case of winding up of a company even before the payments to preferential creditors

Priya Ravi

CA Inter

★ 55K+

09-Jul-23 11:02