MADR Act 49Chapter III · Insolvency ProceedingsSection 49 · Distribution of assets of insolventSaveText size — level 1 of 4- The proceeds realised by the sale of property of the insolvent under section 47 shall be distributed in the order of priority specified in clause (iii) of sub-section (2) of section 32.CopyCopy citationPrintReport an errorYour private note on this sectionOnly you can see this note.Sign in to add a private note