Bare ActsThe Kerala Spinners, Alappuzha(Acquisition and Transfer of Undertaking)Act 2010(4 of 2010)

Section 43

The First Schedule • &00024 [Se2 sections 2(g), 2(j), 4(5) and 81 Na,n' of the

Amendment status not verified — confirm the current text below against the official source.

The First Schedule • &00024 [Se2 sections 2(g), 2(j), 4(5) and 81 Na,n' of the .zck Yame of the / Amoun textild undèrtaki.n Owner - (in Rupees) (1) (2) (3) Kerala1 Spinners Ltd ., Kerala Spinners Ltd ,_354 67 lakhs Kdmalapüran Koi6a1aurani, Alappuzha Alappuzha -- . - . . S •S •• - The-Second Schedule (Seésections19, 20;. 21and Z5) . .' ORDER OF PRIORITIES FOR THE DISCHARGE OF LIABILfrIES IN RESPECT OF THE SICK 'TEXTILE uNQERTAKING S. •. 4 S PARTI - .' S - S • •'•':. .... Category-1 \ I Arrears in relation to provident fund, sniaries and wages and other amounts du to an employee for the pre take over management per4od PARTII / OTHERLIABTL1TIES '- (A) Post-tikeover Management Period Category7411 Loaiis advanced by a Bank Loai.s advanced by an Institution other than a Bank Any; other loap - (d) Any cretht availed of for pui-pQses of trade or manufacturing operations 4Category-j_-III / (a) Re'venue, taxes, cesses, rates or any other duds Pb the Central - Government or a State Govemmçnt. • - .. ' • •• :- • - (b) Ady othei dues. • •• . . • S • • 4593800/2020/IND(OS) 37 .4 (B) Preta'keover Management Period - Cat egory—I V Principal amounts of the secired loans advanced by any Nationalised Bank or public, financial in'titution. Category—V - Secured loans other than those specified uider Category IV. * Category—VT Revenue, taxes1, c.esses rates or any other dues to the Central Government, a State Government, a locaL'authority or a State Electricity Board. Category—VII (a) Any credit availed of for purpose of trade or. mantfaètu.ring operations. (b) Any other dues. Ccrtegory—VllI' . . Interest amounts on the secured loans advanced by any Nationalised Bank or public financial Institution.. S . : I . 4593800/2020/IND(OS) 38

Section 43 – The Kerala Spinners, Alappuzha(Acquisition and Transfer of Undertaking)Act 2010(4 of 2010) | DailyLaw.ai