Question

30. "A Liquidator is entitled to receive 1 point
remuneration at 2% on the Assets
realized, 3% on the amount
distributed to Preferential Creditors
and 3% on the payment made to
Unsecured Creditors. The assets were
realized for 25,00,000 against which
payment was made as follows
:Liquidation Expenses
25,000 Secured Creditors
10,00,000Preferential Creditors
75,000"
O‘45,750
39,255
O 52,250
O '91,505​

Answer 1

Answer:

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