State Act

68

Section 68. No suit for dividend.

THE INSOLVENCY ACT, 1955

Act no. 2 of 19561956In forceKerala (State Act)

68. No suit for dividend.—No suit for a dividend shall lie against the receiver, but where the receiver refuses to pay any dividend, the Court may, on the application of any creditor who is entered in the schedule, order him to pay it, and also to pay out of his own money interest thereon for the time that it is withheld, and the costs of the application.