Section 68
Priority of contributions assessed by liquidator.
The Delhi Co-operative Societies Act, 1972
About this Act
An Act to consolidate and amend the law relating to co-operative societies in the Union territory of Delhi.
Notwithstanding anything contained in the
Provincial Insolvency Act, 1920 (5 of 1920), the contribution assessed by a liquidator shall rank next to
debts due to the Government or to any local authority in order of priority in insolvency proceedings.