Mr sushanth has been insolvent on january 1 th 2005 his creditors are as under I) municipal due Rs 1600 ii) salary for 8 clerks for 2 moths Rs 3000 iii) rent due to land lord for 2 moths Rs 2400 iv) income tax Rs 200 v) private creditors Rs 16000 vi) trade creditors Rs 200000 vii) wages of 4 laborers for 2 months Rs 360 find out amount due to unsecured creditors and preferential creditors according to provincial insolvency act and presidency towns insolvency act

Mr sushanth has been insolvent on january 1 th 2005 his creditors are

1.	Mr sushanth has been insolvent on january 1 th 2005 his creditors are as under I) municipal due Rs 1600 ii) salary for 8 clerks for 2 moths Rs 3000 iii) rent due to land lord for 2 moths Rs 2400 iv) income tax Rs 200 v) private creditors Rs 16000 vi) trade creditors Rs 200000 vii) wages of 4 laborers for 2 months Rs 360 find out amount due to unsecured creditors and preferential creditors according to provincial insolvency act and presidency towns insolvency act
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