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Part 5 · Satisfaction of insolvency creditors. Discontinuation of proceedings  ›  Division 1 · Determination of claims › Section 183

Effect of decision

(1) A decision with final and binding effect which determines a claim or sustains an objection has effect for the insolvency administrator and all the insolvency creditors.

(2) The prevailing party is responsible for requesting the insolvency court to amend the schedule.

(3) If only individual creditors have pursued the action but not the insolvency administrator, these creditors may claim reimbursement of their costs from the insolvency estate to the extent to which such assets have benefited from the judicial decision.

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