Regulation 17
Discount
of Insolvency, Restructuring and Dissolution (Judicial Management) Regulations 2020
Subsidiary LegislationIn forceProvision 17 of 58
Regulation 17
A creditor proving the creditor’s debt must deduct from the debt all trade discounts, but the creditor is not compelled to deduct any discount (not exceeding 5% on the net amount of the creditor’s claim) that the creditor may have agreed to allow for payment in cash.