Amount of retirement benefits of employees exceeding Rs.20,000 per employees is treated as____________

Name: Amount of retirement benefits of employees exceeding Rs.20,000 per employees is treated as____________
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Retirement benefits of employees exceeding Rs.20,000 per employee are treated as preferential creditors. This means they are given priority over other debts in the event of liquidation, but they do not have the security or collateral backing that secured creditors have.

Amount of Retirement Benefits of Employees Exceeding Rs