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Tutorial 8 6. Benboy Bakery San Bhd. was incorporated under the Companies Act 2016 on 31 st January 2017. In February, 2017 BB registered a
Tutorial 8 6. Benboy Bakery San Bhd. was incorporated under the Companies Act 2016 on 31 st January 2017. In February, 2017 BB registered a floating charge in flavor of Good Loan Bhd over all the movables assets in the bakery shops including al suppliers, furniture and banking equipment. The shoplot which BB operates its business is worth RM 2 million. In April 2017, BB agreed to charge to ABC Bank Bhd to secure a loan sum of RM 1 million . the charge over the shoplot is not registered in May 2017, another floating charge was registered in flavor of Quick Loan over the two Panasonic banking equipment in the bakery only. In June 2017, a fixed charge was registered in flavor of XYZ Bank Bhd over the shoplot to secure a loan amount of RM 500k. based on the information above, analyze the order of priority to repay the company's debts in the event of liquidation
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