ORDER OF PRIORITIES
Category I
(i) Employees’ dues on account of arrears of tripartite settlement for the period from the 1st day
of January, 1957 to the 31st day of May, 1975.
(ii) Employees’ dues on account of unpaid salaries, wages, providend fund, Employees’ State
Insurance contribution or premium relating to Life Insurance Corporation of India.
Category II
Secured loans from nationalised banks and secured loans from Industrial Reconstruction Corporation
of India for the post-take-over management period.
Category III
Central Government loans for the post-take-over management period.
Category IV
Secured loans from nationalised banks and secured loans from financial institutions for the
pre-take-over management period.
Category V
Revenue, taxes, ceases, rates or other dues to Central Government, State Government and local
authorities or State Electricity Board for the pre-take-over management period.
Category VI
Trade and other creditors for the pre-take-over management period.