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 ... Summary
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.
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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