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.
Section 68: No suit for dividend
The Insolvency Act, 1955State Act of Kerala · Act 2 of 1956
Where this provision sits
| Act | The Insolvency Act, 1955 |
|---|---|
| Section | 68 |
| Marginal note | No suit for dividend |
| Jurisdiction | State of Kerala |
| Status | In force as published by the source |
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