Liquidation

Accountancy

Is overriding preferential creditors paid even before legal expanses , liquidation expenses n remuneration?

Reetikaa R

CA Final

★ 7K+

08-Oct-23 15:04

431

Answers (1)

Best Answer

No, firstly you should pay Legal and liquidation charges and then go for priority basis, because without those expenses you can't realise assets

Mahantesh Biradar

CA Final

★ 92K+

08-Oct-23 15:07