Question

A liquidator is entitled to receive remuneration @2% of the assets realized 3% of Preference Creditors and 3% of the amount distributed among the unsecured creditors.Assets realized Rs 25,00,000 against which payment was made as follows: Liquidation expenses Rs.25,000 Preferential Creditors Rs. 75,000 Secured Creditors Rs.10,00,000

Answer

A. O a) Rs. 90,000

B. b)Rs.91,505

C. c)Rs.95,000

D. d)Rs. 1,03,000​

Answer 1

Answer:

Rs. 95,000

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