juris

Section 3: Provisions concerning preferential payments to employees

Insolvency Act · FOURTH SCHEDULE

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

3. Provisions concerning preferential payments to employees The sum of 30,000 rupees in subparagraph (3) of paragraph 1, or any greater amount that is prescribed on the date of adjudication or the commencement of the winding up, continues to apply to that adjudication or winding up regardless of any change to that sum that is prescribed after the date of adjudication or the commencement of the winding up.

Ask juris about this section Official source