Singapore legislation
Regulation 24
of Insolvency, Restructuring and Dissolution (Personal Insolvency) Rules 2020
Regulation 24
Form of security
Subregulation 1
Where security has to be given to the Court (otherwise than in relation to costs), it may be given by a banker’s guarantee, the payment of moneys into court or in any other manner as the Court may direct.
Subregulation 2
The rules for the time being in force in the General Division of the High Court relating to the provision of, and manner of giving, security for costs apply in relation to any proceedings under Part 3 or Parts 13 to 22 of the Act or these Rules.
Subregulation 3
The rules for the time being in force in the General Division of the High Court relating to payment into and out of court of moneys lodged in court by way of security for costs apply to moneys lodged in court under these Rules.