Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Section 291] [Entire Act]

Union of India - Subsection

Section 291(4) in Companies (Court) Rules, 1959

(4)Where the Official Liquidator realises property for secured creditors other than debenture-holders.On the amount realised for each secured creditor.-On the first Rs. 10,000 or fraction thereof 4 per cent.On the next Rs. 40,000 or fraction thereof 2 1/2 per cent.On the next Rs. 50,000 or fraction thereof 2 per cent.Above Rs. 1,00,000 1 1/2 per cent.