Preferential Creditor
Khalid Masroor (Teacher) (99 Points)
10 October 2020
is whole amount due paid to Preferential creditor or they are paid proportionately
3 Replies
ayusmita
(Tax consultant)
(5890 Points)
Replied 10 October 2020
When a company goes for liquidation
then the first is the secured creditor amount paid fully
then comes the unsecured creditors
then the employees who owed money
then comes the shareholders money if money is left there by
then the first is the secured creditor amount paid fully
then comes the unsecured creditors
then the employees who owed money
then comes the shareholders money if money is left there by
Khalid Masroor
(Teacher)
(99 Points)
Replied 11 October 2020
Who among the above are preferential creditors
ayusmita
(Tax consultant)
(5890 Points)
Replied 11 October 2020
1st one comes under it with the company employees
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