The DELHI CO-OPERATIVE SOCIETIES ACT, 1972

WINDING UP OF CO-OPERATIVE SOCIETIES

Section 68: Priority of contributions assessed by liquidator.

Notwithstanding anything contained in the Provincial Insolvency Act, 1920 (5 of 1920), 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.