Singapore legislation
Regulation 18
of Insolvency, Restructuring and Dissolution (Voluntary Winding Up) Regulations 2020
Regulation 18
Proof for debt payable at a future time
Subregulation 1
A creditor may prove for a debt not payable on the date of the resolution to wind up the company, as if it were so payable, and may receive dividends rateably with the other creditors, deducting only from the dividend a rebate of interest at the rate of interest on judgment debts provided for under the Rules of Court for the time being in force.
Subregulation 2
The rebate of interest is to be computed from the date of the declaration of a dividend to the date on which the debt would have become payable according to the terms on which it was contracted.