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Example 1: XYZ Limited is being noulels up by the tribunal. All the assets of the company have peen charged to the company's baffiers to
Example 1: XYZ Limited is being noulels up by the tribunal. All the assets of the company have peen charged to the company's baffiers to whom the company owes Rs 5 crores. The company owes following amounts to others: Dues to workers - Rs 1,25,00,000 Taxes Payable to Government - Rs 30,00,000 Unsecured Creditors - Rs 60,00,000 You are required to compute with the reference to the provision of the Companies Act, 2013 the amount each kind of creditors is likely to get if the amount realized by the official liquidator from ihe secured assets and available for distribution among creditors is only Rs 4,00,00,000/
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