The Second Schedule
[See Sections 21, 22, 23 and 27]
Order of priorities for the discharge of liabilities in respect of a sick textile undertaking
Post-take-over management period
(a) Loans advanced by a bank.
(b) Loans advanced by an institution other than a bank.
(c) Any other loan.
(d) Any credit availed of for purpose of trade or manufacturing operations.
(a) Revenue, taxes, cesses, rates or any other dues to the Central Government or a State Government.
(b) Any other dues.