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of <h1>Trustee Can Distribute Interim Dividends Under Section 174 of Insolvency and Bankruptcy Code 2016 After Notifying Creditors</h1> Section 174 of the Insolvency and Bankruptcy Code, 2016, outlines the process for distributing an interim dividend by a bankruptcy trustee. When the trustee has sufficient funds, they may distribute interim dividends to creditors who have proven their bankruptcy debts. The trustee must notify creditors of the dividend and its distribution method. In calculating and distributing the dividend, the trustee must account for debts of creditors who may not have had time to establish their claims, unresolved claims, disputed proofs, and necessary administrative expenses for the bankrupt estate.
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