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      Question

      Under the liquidation waterfall mechanism of IBC

      (Section 53), who is paid last?
      A Unsecured financial creditors Correct Answer Incorrect Answer
      B Government dues Correct Answer Incorrect Answer
      C Workmen's dues Correct Answer Incorrect Answer
      D Shareholders Correct Answer Incorrect Answer
      E Insolvency process costs Correct Answer Incorrect Answer

      Solution

      Under the fixed order of priority in Section 53, shareholders are placed at the very bottom and get paid last, if anything is left.

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