Proof of debt payable at a future time: creditor may prove now and share dividends subject to an interest rebate. A creditor whose debt is not payable at the date of winding-up may prove the claim as if presently payable and receive dividends equally with other creditors, subject to an interest rebate computed from the date of declaration of the dividend to the time the debt would have become payable under its original terms.
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.
Proof of debt payable at a future time: creditor may prove now and share dividends subject to an interest rebate.
A creditor whose debt is not payable at the date of winding-up may prove the claim as if presently payable and receive dividends equally with other creditors, subject to an interest rebate computed from the date of declaration of the dividend to the time the debt would have become payable under its original terms.
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