The liquidator after realizing the assets of the company should distribute the proceeds among below mentioned claimants in the following order:
(A) Legal charges
(B) Liquidators remuneration and cost of expenses of winding up
(C) Workman's dues and claims of the secured creditors
(D) Preferential creditors and creditors secured by floating charge
(E) Unsecured creditors
Choose the correct answer from the options given below:
1
(B), (C), (A), (D), (E)
2
(D), (C), (B), (A), (E)
3
(A), (B), (C), (D), (E)
4
(B), (C), (E), (A), (D)