Section 60. Priority of contributions assessed by liquidator

{
    "act_title": "THE ANDAMAN AND NICOBAR ISLANDS CO-OPERATIVE SOCIETIES REGULATION, 1973",
    "act_slug": "the-andaman-and-nicobar-islands-co-operative-societies-regulation-1973",
    "section_label": "Section",
    "section": {
        "number": "60",
        "title": "Section 60. Priority of contributions assessed by liquidator",
        "chapter": null,
        "content": "Notwithstanding anything contained in any law relating to insolvency, the contribution assessed by a liquidator shall rank next to debts due to the Government or to any local authority in order of priority in insolvency proceedings.",
        "footnote": "",
        "is_definition": false,
        "sort_order": 3320
    },
    "prev_section": "59",
    "next_section": "61"
}