1. Cost of Corporate Insolvency Resolution Process and Liquidation Cost
2. Workman's dues for a period of preceding 24 months from the date of Commencement of Liquidation and Secured Creditor who relinquished security, both workman's due and due such secured creditor shall rank equally between and among them.
3. Employees due (other than workmen) for period of preceding 12 months from date of Commencement of Corporate Insolvency Resolution Process.
4. Unsecured Financial Creditors
5. Governments Due (both Central and State Government) and Dues of secured creditor remains unpaid on enforcement of security, both Government and such secured creditors shall rank equally between and among them.
5. Any Liability remains unpaid.
6. Preference Shareholders (if any)
7. Equity Shareholders or Partners as case may be.
Note: - Fees of Liquidation shall be deducted proportionally from the proceedings payable to each class of recipient.
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