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Save as otherwise provided in the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002) or the
Insolvency and Bankruptcy Code, 2016 (31 of 2016), any amount due to depositors from a deposit
taker shall be paid in priority over all other debts and all revenues, taxes, cesses and other rates
payable to the appropriate Government or the local authority.
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