alleryStart learning →Operational creditors under a plan get at least the higher of what two amounts (30(2)(b))?
ABook or face value
BLiquidation or s.53 share
CMarket or par value
DCost or resale value
Answer & Solution
Correct answer: B. Liquidation or s.53 share
Section 30(2)(b) fixes the floor at the liquidation amount or the amount under the section 53(7) priority order, whichever is higher.
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