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[Cites 0, Cited by 0] [Section 406] [Entire Act]

State of Madhya Pradesh - Subsection

Section 406(8) in M.P. Civil Court Rules, 1961

(8)An estate shall not be shown in Part 2 until some assets actually reach the receiver, or the Court, as the case may be, and shall cease to be shown as soon as a final dividend has been declared and distributed under Section 64 of the Act, whether an order discharging the insolvent has been passed; in cases where legitimate expenses swallow up the assets, the estate shall cease to be shown in Part 2. When actual payment is made or the amount is placed in Civil Court Deposits, the proceedings in insolvency should be disposed of.