Liquidation preferencial shareholder settlement

Sajeetha R

They are treated as" dues over riding preference creditors".

Sajeetha R

They are treated as" dues over riding preference creditors".

Thread Starter

Here in this sum I understand the settlement at pro rata but im confused with the balance treatment as overriding prefential creditors and unsecured creditors??

Sajeetha R

The concept is that secured creditor sacrifice a portion for workmen.. After settling the balance of secured assets to both...balance is treated as dues overriding pref. crs. (Still payment is outstanding). Unsecured crs..as ordinary sense..(.total payable -secured assets)

Thread Starter

Here in this attachment u have written that dues overriding preferencial creditors are to be settled before preference shares, is it paid before preference shares or before all other debts?!

Sajeetha R

Sry .,instead of creditors I wrote it shares..

Sajeetha R

Sry .,instead of creditors I wrote it shares..

Sajeetha R

U knew me right

Sajeetha R

U knew me right

Thread Starter

Do you know me before?

Sajeetha R

Girl in my foundation class ,has a similar name &dp.so I suspected..u..that's it

Thread Starter

Nmc??

Sajeetha R

Yeah#

Thread Starter

Yeah I know you.. Hi how are you?? Have you cleared your ca inter? Are you also subscribed to indigo learn??

Sajeetha R

Well .,going to clear in may2022. Yes.user of indigo learn.

K. Vidya

Can Anyone say me that In Liquidation of financial statements is there any chance to ask statement of affairs question.??

Thread Starter

Are you asking in examination??

K. Vidya

Yes in May 2022 .!! Should we concentrate more on statement of affairs or liquidators final statement of account