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Central Act · India · Part VII – WINDING UP

Section 520 Costs of voluntary winding up

Companies Act, 1956 · Edition: Historical reference draft

All costs, charges and expenses properly incurred in the winding up, including the remuneration of the Liquidator, shall, subject to the rights of secured creditors, if any, be payable out of the assets of the company in priority to all other claims.

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