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Supreme Court in case of Union of India v. Somasundaram Mills (P) Ltd. held that under section 73 of…

In Union of India v. Somasundaram Mills (P) Ltd., the Supreme Court held that, consistent with s.73(3) of the CPC preserving the Government's existing rights, debts due to…

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Supreme Court in case of Union of India v. Somasundaram Mills (P) Ltd. held that
under section 73 of CPC, the debts due to the State

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Correct answer C

In Union of India v. Somasundaram Mills (P) Ltd., the Supreme Court held that, consistent with s.73(3) of the CPC preserving the Government's existing rights, debts due to the State are entitled to priority over other unsecured debts in rateable distribution, not merely equal treatment or subordination to them.

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