Singapore legislation

Regulation 136

of Insolvency, Restructuring and Dissolution (Personal Insolvency) Rules 2020

Regulation 136

Claims to property in hands of trustee may be determined summarily

Amended byS 196/2022 wef 01/04/2022

Subregulation 1

When any property seized or otherwise taken in possession of by the trustee of a bankrupt’s estate under the Act or the regulations is claimed by any person other than the bankrupt, such claim may be determined by the Court in a summary manner upon a summons to decide the title to the property.

Subregulation 2

Amended byS 196/2022 wef 01/04/2022

Upon the issue of the summons, any proceedings which have been begun against the trustee of the bankrupt’s estate in respect of any property in dispute are stayed and may not be proceeded with without the permission of the Court.

Subregulation 3

The Court may, on the hearing of the summons, make orders for —

(a)

the trial and determination of the rights of the parties as the Court thinks expedient; (b)the custody or sale in the meanwhile of the property in dispute; and (c)the costs to be borne by the person making the application.