law: The Second Schedule
  [See Sections 21, 22, 23 and 27]
  Order of Priorities for Discharge of Liabilities in Respect of A Textile Undertaking
  Part A
  Post-take-over management period
  Category I.-
  (a) Loans advanced by a Bank.
  (b) Loans advanced by an institution other than a Bank.
  (c) Any other loan.
  (d) Any credit availed of for purpose of trade or manufacturing operations.
  Category II.-
  (a) Revenue, taxes, cesses, rates or any other dues to the Central Government or a State Government.
  (b) Any other dues.
  Part B
  Pre-take-over management period
  Category III.-
  Arrears in relation to provident fund, salaries and wages, and other amounts, due to an employee.
  Category IV.-
  Secured loans.
  Category V.-
  Revenues, taxes, cesses, rates or any other dues to the Central Government, a State Government, a local authority or a State Electricity Board.
  Category VI.-
  (a) Any credit availed of for purpose of trade or manufacturing operations.
  (b) Any other dues.