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[Cites 0, Cited by 0] [Section 178] [Entire Act]

Union of India - Subsection

Section 178(3) in Insolvency And Bankruptcy Code, 2016

(3)Where any creditor has given any indemnity or has made any payment of moneys by virtue of which any asset of the bankrupt has been recovered, protected or preserved, the Adjudicating Authority may make such order as it thinks just with respect to the distribution of such asset with a view to giving that creditor an advantage over other creditors in consideration of the risks taken by him in so doing.