Section 72: Right of creditor who has not proved debt before declaration of a dividend.- Any — Insolvancy (Karachi Division) Act, 1909

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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72. Right of creditor who has not proved debt before declaration of a dividend.- Any creditor who has not proved his debt before the declaration of any dividend or dividends shall be entitled to be paid out of any money for the time being in the hands of the official assignee any dividend or dividends which he may have failed to receive, before that money is applied to the payment of any future dividend or dividends, but he shall not be entitled to disturb the distribution of any dividend declared before his debt was proved by reason that he has not participated therein.

Effective date: 1909-01-01

Related sections

Section 71: Calculation of dividends Section 73: Final dividend Section 70: Joint and separate properties. Where one partner in a firm is adjudged insolvent, a Section 74: No suit for a dividend. No suit for a dividend shall lie against the official assignee, but,Section 69: Declaration and distribution of dividends Section 75: Power to allow insolvent to manage property, and allowance to insolvent for

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