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)
Payment of subsequent interest to admitted creditors from winding-up date until final dividend, subject to rate cap or Tribunal determination. Creditors with admitted proofs are entitled to interest from the winding up order or resolution date until the final dividend declaration, calculated on the admitted claim amount after deducting dividends declared to each declaration date, at a rate not exceeding six per cent per annum or another rate the Tribunal may decide.
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 subsequent interest to admitted creditors from winding-up date until final dividend, subject to rate cap or Tribunal determination.
Creditors with admitted proofs are entitled to interest from the winding up order or resolution date until the final dividend declaration, calculated on the admitted claim amount after deducting dividends declared to each declaration date, at a rate not exceeding six per cent per annum or another rate the Tribunal may decide.
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