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Preferential creditors

I had found our while solving questions in liquidation chapter that outstanding wages are entirely preferential creditors but employees' salary due are restricted to amount of Rs 20000 and 4 months, the balance is to be treated as Unsecured creditors. Correct, Sir?


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

29-Nov-20 22:43

14

Answers (2)

Best Answer

Yes


Suraj Lakhotia

Suraj Lakhotia

Admin

30-Nov-20 08:47

Yes

Thank you


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

30-Nov-20 10:25

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