Singapore legislation

Regulation 35

of Insolvency, Restructuring and Dissolution (Debt Repayment Scheme) Regulations 2020

Regulation 35

Maximum amount receivable by creditor

Subject to the Act and these Regulations, a creditor whose debt is proved and included in a plan under a debt repayment scheme may not in any case receive as dividend under the scheme more than 100 cents in the dollar and any interest as provided for in the Act and these Regulations.