PAYMENT OF UNCLAIMED DIVIDENDS OR UNDISTRIBUTED ASSETS INTO THE COMPANY LIQUIDATION DIVIDEND AND UNDISTRIBUTED ASSETS ACCOUNT IN A WINDING UP (From Rule 179 to Rule 182)
Company meetings of creditors or contributories: costs must be borne only from the company's assets. The rule requires that the cost of convening and conducting the meeting of creditors or contributories is charged to the company's estate. Expenses incurred in calling, administering and holding such creditor or contributory meetings are to be met out of the company's available assets rather than by individual attendees.
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.
Company meetings of creditors or contributories: costs must be borne only from the company's assets.
The rule requires that the cost of convening and conducting the meeting of creditors or contributories is charged to the company's estate. Expenses incurred in calling, administering and holding such creditor or contributory meetings are to be met out of the company's available assets rather than by individual attendees.
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