law: Part B
  Pre-take-over management period
  Category II
  Arrears in relation to the provident fund, salaries, wages and other amounts due to the employees of the Company.
  Category III
  Secured loans 1[", Including loans advances, on or after the date of taking over, by a bank to the Company to the extent such loans have been utilised by the Company for the re-payment of, or the payment of interest on, secured loans advanced to the Company by a bank at any time before the date of taking over".]
  Category IV
  Revenue, taxes, cesses, rates or any other dues to the Central Government, a State Government, a Local Authority or a State Electricity Board.
  Category V
  (i) Any credit availed of by the Company for the purpose of carrying on any trading or manufacturing operations.
  (ii) Any other dues.
  1. Ins. by Act 50 of 1980, s. 3 (w.e.f. 1-4-1978).