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Section 4:

Insolvency Act · FOURTH SCHEDULE

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.

4. Subrogation of persons if payment has been made If a payment has been made to a person (“A”) on account of any preferential claim specified in this Schedule out of money advanced by a bank or some other person (“B”) for that purpose, then (“B”) has, in a winding up, the same right of priority in respect of the money so advanced as (“A”) would have if the payment had not been made. [Issue 7] I14 – 238 Revised Laws of Mauritius

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