Right of recognised clearing corporation to recover clearing dues has priority over other liabilities against a clearing member's assets. Regulation 44B grants a right of recognised clearing corporation to recover dues from clearing members arising from clearing and settlement functions from collaterals, deposits and the assets of the clearing members, and makes that recovery right a priority over any other liability of or claim against the clearing members.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Right of recognised clearing corporation to recover clearing dues has priority over other liabilities against a clearing member's assets.
Regulation 44B grants a right of recognised clearing corporation to recover dues from clearing members arising from clearing and settlement functions from collaterals, deposits and the assets of the clearing members, and makes that recovery right a priority over any other liability of or claim against the clearing members.
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