90. Form of order of Court establishing claim
Feedback & supportWhere in any proceedings brought to establish a claim the Court is satisifed that the defalcation on which the claim is founded was actually committed and that otherwise the claimant has a valid claim, the Court shall by order —
declare the fact and the date of the defalcation and the amount of the claim; and
direct that the committee concerned allows the claim as so declared and deal with the same in accordance with the provisions of this Part.
The Rules Committee may make rules for or with respect to practice and procedure generally upon proceedings under this Part.
rules
“rules”, in relation to a securities exchange, means the rules governing the conduct of the securities exchange or the members thereof by whatever name called and wherever contained and includes rules contained in the memorandum of association and the articles of association of the securities exchange;
In any such proceedings all questions of costs shall be in the discretion of the Court.