https://www.taxtmi.com/acts?id=31557 A person may prove a claim whose payment was not yet due on the insolvency commencement date and share in distribution like any other stakeholder. If the debt has still not fallen due at the time of distribution, the admitted claim is reduced by a present-value formula, unless the contract provides otherwise, using the admitted claim value, the relevant government securities yield published by the Reserve Bank of India, and the period remaining until the debt becomes payable. en-us Thu, 04 Jan 2018 10:58:01 +0530 Mon, 08 Jun 2026 18:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31557 A person may prove a claim whose payment was not yet due on the insolvency commencement date and share in distribution like any other stakeholder. If the debt has still not fallen due at the time of distribution, the admitted claim is reduced by a present-value formula, unless the contract provides otherwise, using the admitted claim value, the relevant government securities yield published by the Reserve Bank of India, and the period remaining until the debt becomes payable. Act-Rules IBC Thu, 04 Jan 2018 10:58:01 +0530 https://www.taxtmi.com/acts?id=31557