Maintenance to wife, kids will get priority over claim of creditors: SC
The Supreme Court prioritized estranged wives and children's maintenance over creditors' claims in insolvency cases. Justices ruled that maintenance, tied to the right to dignity, overrides claims under the Insolvency and Bankruptcy Code. The court upheld its interim order, setting maintenance lower than the high court's initial amount, despite the husband's claims of financial hardship.
The Supreme Court prioritized estranged wives and children's maintenance over creditors' claims in insolvency cases. Justices ruled that maintenance, tied to the right to dignity, overrides claims under the Insolvency and Bankruptcy Code. The court upheld its interim order, setting maintenance lower than the high court's initial amount, despite the husband's claims of financial hardship.
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