Section 85: Receiver dealing with claims

85. Receiver dealing with claims (1) Within 60 days after the last day specified in the notice for the filing of claims, the receiver shall— (a) reject any claim where it doubts the validity thereof; (b) determine the amount, if any, owing to each known depositor or other creditor and the priority class of his claim under this Part; (c) prepare for filing with the Bankruptcy Court a schedule of the steps proposed to be taken; and (d) notify each person whose claim has not been allowed in full and publish once a week for 3 consecutive weeks, in a newspaper of general circulation approved by the Bankruptcy Court, a notice of the date and place where the schedule of the steps it proposes to take will be available for inspection, and the date, which shall be not less than 30 days from the date of the third publication in the newspaper, on which the receiver shall file the schedule with the Bankruptcy Court. (2) Within 20 days after the filing of the schedule specified in subsection (1) (c), any depositor, other creditor or shareholder, and any other interested party may file with the receiver an objection to any step proposed. (3) Any objection filed under subsection (2) shall be considered by the Bankruptcy Court upon such notice to the receiver, and any interested parties as the Court may designate. (4) Where an objection is sustained, the Bankruptcy Court shall direct that an appropriate modification of the schedule be made. [Issue 7] B3 – 58 Revised Laws of Mauritius (5) After filing the schedule, the receiver may make partial distribution to the holders of claims which are undisputed or which have been allowed by the Bankruptcy Court, on condition that a proper reserve is established for the payment of disputed claims. (6) After all objections have been decided upon, the receiver shall make final distribution. (S. 85 came into operation on 1 June 2007.)