Notwithstanding anything contained in the Presidency Towns Insolvency Act, 1909, (3 of 1909) the Provincial Insolvency Act 1920, (5 of 1920) the Companies Act, 1956, (1 of 1956) or the Partnership Act, 1932, (9 of 1932) any compensation payable under this Act shall have priority over all other unsecured debts.
