The Insolvency and Bankruptcy Code, 2016
IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 20169
Chapter VI – Proceeds of Bankruptcy Process and Distribution of Proceeds
Regulation 35: Return of amount.
35. A creditor shall forthwith return any amount received by him in distribution, which he was not entitled to at the time of distribution, or subsequently.
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