What is the ratio of distribution of liquidation value to secured creditors
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The second formula being considered is to set aside a fixed proportion of 5% or 10% of sale proceeds for operational creditors.
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Till liquidation value, Section 53 (waterfall mechanism) will apply. On the balance, everyone has a claim,” said a government official. The second formula being considered is to set aside a fixed proportion of 5% or 10% of sale proceeds for operational creditors.
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