Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 Chapter VI PROCEEDS OF BANKRUPTCY PROCESS AND DISTRIBUTION OF PROCEEDS
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Distribution of dividend: trustee must file a preliminary report before distribution and deduct bankruptcy process costs. A bankruptcy trustee must not commence distribution of dividends until a preliminary report is filed with the Adjudicating Authority, and the bankruptcy process cost must be deducted before any dividend is distributed.
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.
Distribution of dividend: trustee must file a preliminary report before distribution and deduct bankruptcy process costs.
A bankruptcy trustee must not commence distribution of dividends until a preliminary report is filed with the Adjudicating Authority, and the bankruptcy process cost must be deducted before any dividend is distributed.
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