Payment of subsequent interest to admitted creditors from winding-up date until final dividend, subject to rate cap or Tribunal determination. Creditors with admitted proofs are entitled to interest from the winding up order or resolution date until the final dividend declaration, calculated on ... Summary
Payment of subsequent interest to admitted creditors from winding-up date until final dividend, subject to rate cap or Tribunal determination.
Creditors with admitted proofs are entitled to interest from the winding up order or resolution date until the final dividend declaration, calculated on the admitted claim amount after deducting dividends declared to each declaration date, at a rate not exceeding six per cent per annum or another rate the Tribunal may decide.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.