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Section 308: Proof of debt payable 6 months or more after adjudication or winding

Insolvency Act · PART IV: PROVISIONS APPLICABLE TO BANKRUPTCY AND WINDING UP

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

308. Proof of debt payable 6 months or more after adjudication or winding up (1) A proof of a debt that would, but for a bankruptcy or a liquidation, be payable 6 months or more after the date of adjudication or winding up, is treated as a proof for the present value of the debt. [Issue 3] I14 – 166 Revised Laws of Mauritius (2) The present value of the debt is calculated by deducting interest at the prescribed rate for the period from the date of adjudication or winding up to the date when the debt would be payable.

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