LawgistThe Multi-State Co-operative Societies Act
92Priority 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.
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WINDING UP OF MULTI-STATE CO-OPERATIVE SOCIETY
- 86 Winding up of multi-State co-operative societies
- 87 Winding up of co-operative bank at the direction of Reserve Bank
- 88 Reimbursement to the Deposit Insurance Corporation by liquidator
- 89 Liquidator
- 90 Powers of liquidator
- 91 Disposal of surplus assets
- 92 Priority of contributions assessed by liquidator
- 93 Power of Central Registrar to cancel registration of a multi-State co-operative society
