Question

In the event of liquidation of the company, the debentureholders have prior right for ______.

पर्याय

• Principal amount.

• Interest.

• Both principal amount and interest.

• None of these.

Answer 1

In the event of liquidation of the company, the debentureholders have prior right for both principal amount and interest.

Explanation:

At the time of liquidation, debentureholders have a prior claim for repayment of both the principal amount and outstanding interest before shareholders.