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[Cites 0, Cited by 5] [Section 530] [Entire Act]

Union of India - Subsection

Section 530(6) in The Companies Act, 1956

(6)Subject to the retention of such sums as may be necessary for the costs and expenses of the winding up, the foregoing debts shall be discharged forthwith so far as the assets are sufficient to meet them, and in the case of the debts to which priority is given by clause (d) of sub-section (1), formal proof thereof shall not be required except in so far as may be otherwise prescribed.