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of <h1>Regulation 28: Proving Claims for Unmatured Debts in Liquidation Process with Distribution Formula Explained.</h1> Regulation 28 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, allows a person to prove a claim for a debt not yet due on the liquidation commencement date. Such a claimant is entitled to distribution like any other stakeholder. If the debt remains unpaid before distribution, the admitted claim is reduced using a formula: X/(1+r)^n, where X is the claim's value, r is the closing yield rate of government securities, and n is the time from distribution to the debt's due date, expressed in decimalized years and months.
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