Trade discount deduction required when proving a creditor's debt, mandating subtraction of all trade discounts from the proved amount. Rule 155 requires that a creditor proving a debt must deduct all trade discounts from the amount proved, ensuring the proved sum reflects those discounts under the Companies Law and Company Court Rules.
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.
Trade discount deduction required when proving a creditor's debt, mandating subtraction of all trade discounts from the proved amount.
Rule 155 requires that a creditor proving a debt must deduct all trade discounts from the amount proved, ensuring the proved sum reflects those discounts under the Companies Law and Company Court Rules.
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