Rule 179 - Payment of subsequent interest. - Company Court Rules, 1959

Payment of subsequent interest. 179. In the event of there being a surplus after payment in full of all the claims admitted to proof, creditors whose proofs have been admitted shall be paid interest from the date of the winding-up order or of the resolution as the case may be, up to the date of declaration of the final dividend, at a rate not exceeding 4 per cent per annum, on the admited amount of the claim, after adjusting against the said amount the dividends declared as on the date of the declaration of each dividend.