Malaysia legislation
Section 106
Section 106
In any case where a bankruptcy order has been made and the Director General of Insolvency reports to the court that the assets (after deducting any sums paid to secured creditors in respect of their securities) are unlikely to exceed the value as may be prescribed, the court may make an order that the bankrupt’s estate be administered in a summary manner, and thereupon this
Act shall be subject to the following modifications:
(a)
no appeal shall lie from any order of the court except by order of the court;
(b)
(Deleted by Act A1534);
Insolvency 107
(c)
the estate where practicable shall be distributed in a single dividend;
(d)
such other modifications may be made in this Act as may be prescribed by rules made by the Minister with the view of saving expense and simplifying procedure; but nothing in this section shall permit the modification of this Act relating to the examination or discharge of the bankrupt.
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