Join for updates
Skip to content

IBC Regulations

Regulations 35. Distribution. —

(1) The liquidator shall distribute the proceeds from realization within six months from the receipt of the amount to the stakeholders.

(2) The liquidation costs shall be deducted before such distribution is made.

(3) The liquidator may, with the approval of the corporate person, distribute amongst the stakeholders, an asset that cannot be readily or advantageously sold due to its peculiar nature or other special circumstances.

Read more articles

Previous PostRegulations 34
Next PostRegulations 36
  • Opens in a new window
  • Opens in a new window
  • Opens in a new window
  • Opens in a new window
  • Opens in a new window
  • Opens in a new window
Copyright 2025 - IBC Law Reporter | All Right Reserved
Close Menu
  • Home
  • About Us
  • IBC News
  • Webinars/Seminars
  • Articles/Blogs/Write Ups
  • Resource
  • Contact Us
  • Ebook