law: The Schedule
  [See Sections 18, 19, 20 (1), 21 (1), 22 (2) and 25 (1)]
  Order of Priorities for The Discharge of Liabilities of The Company
  Part I
  Category I
  Employees' dues on account of unpaid salaries, wages, provident fund, Employees' State Insurance contribution or premiums relating to the Life Insurance Corporation of India and any other amounts due to employees in respect of any period whether before or after the date of taking over of the textile undertakings
  Category II
  Secured loans obtained from nationalised banks and public financial institutions, other than the National Textile Corporation, in respect of any period whether before or after the date of taking over of the textile undertakings.
  Category III
  Any credit availed of for trade or manufacturing purposes during the post-take over management period.
  Category IV
  Revenue, taxes, cesses, rate or other dues to the Central Government, State Government and local authorities for the period after the date of taking over of the textile undertakings.
  Part II
  Category V
  Revenue, taxes, cesses, rate or other dues to the Central Government, State Government and local authorities or State Electricity Boards for the pre-take over management period.
  Category VI
  Any credit availed of for trade or manufacturing purposes during the pre-take over management period.