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Section 19 - Code on Social Security Act, 2020
19. Priority of payment of contributions over other debts.-
Notwithstanding anything contained in any other law for the time being in force, any amount due under this Chapter shall be the charge on the assets of the establishment to which it relates and shall be paid in priority in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016 (31 of 2016).
Related Sections
- Section 147: Protection of action taken in good faith
- Section 77: Compensation to be paid when due and damages for default
- Section 130: Validity of certificate and amendment thereof
- Section 47: Contributions, etc., due to corporation to have priority over other debts
- Section 110: Funding of state government schemes
Related Acts
* Only for reference.