Concept:In the winding up of a company, different claimants are paid in a strict order of priority.
Explanation:The company's assets are first used to settle all debts and liabilities.
Creditors, such as debenture holders, are paid before shareholders.
Preference shareholders have a higher claim than ordinary shareholders.
Cumulative preference shareholders also rank above ordinary shareholders.
Ordinary shareholders are the last to be paid.
They receive only what remains after all other claims have been fully satisfied.
Answer:Ordinary shareholders