Payment of distributable sum may be sanctioned without succession certificate subject to Tribunal approval and personal indemnity. Where a claim for a distributable sum due to a deceased creditor or a return of contribution due to a deceased partner is of low value, the liquidator may, after verifying the claimant's right, apply to the Tribunal to permit payment or return without a succession certificate, and where the Tribunal sanctions it the liquidator shall make payment upon obtaining a personal indemnity from the payee.
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.
Payment of distributable sum may be sanctioned without succession certificate subject to Tribunal approval and personal indemnity.
Where a claim for a distributable sum due to a deceased creditor or a return of contribution due to a deceased partner is of low value, the liquidator may, after verifying the claimant's right, apply to the Tribunal to permit payment or return without a succession certificate, and where the Tribunal sanctions it the liquidator shall make payment upon obtaining a personal indemnity from the payee.
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