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Problem 1: Hashim & co is a textile company. Due to the recent corona virus pandemic the company shuts all of its operations and went on liquidation. The company has total assets of 750,000 while the outstanding liabilities of 10,00,000. How will the claims be settled now? Briefly explain in terms of priority

Reference no: EM132621414

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Find how will the claims be settled now : Hashim & co is a textile company. Due to the recent corona virus pandemic the company, How will the claims be settled now? Briefly explain in terms of priority
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