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of <h1>Small-value dividend or capital return claims by deceased creditors' families under ?1 lakh allowed with Family Member Certificate, indemnity</h1> Permits payment of a dividend due to a deceased creditor or a return of capital due to a deceased contributory, where the claim is one lakh rupees or less, without requiring production of a succession certificate or similar authority, provided the claimant establishes right and title and furnishes a Family Member Certificate issued by the competent State/UT authority. The Company Liquidator must apply to the Tribunal for sanction, and upon sanction must obtain from the payee a personal indemnity and a duly stamped affidavit before making payment, enabling expedited disbursement in small-value claims while securing the liquidation estate against competing claims.
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