Central Act

92

Section 92. Priority of contributions assessed by liquidator.

The Multi-State Co-operative Societies Act, 2002

In forceAll India (Central Act)

92. Priority of contributions assessed by liquidator. Notwithstanding anything contained in any law relating to insolvency, the contribution assessed by a liquidator shall rank next to debts due to the Central Government or a State Government or a local authority in accordance with the order of priority in insolvency proceedings.