CTHRepealedAct
Securities Industry Act 1980
116Form of order of Court establishing claim
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##### 116 Form of order of Court establishing claim
(1) Where in proceedings brought to establish a claim the Court is satisfied that there was a defalcation or fraudulent misuse of property on which to found the claim and that otherwise the claimant has a valid claim, the Court shall, by order:
(a) declare the fact and the date of the defalcation or fraudulent misuse of property and the amount of the claim; and
(b) direct the committee to allow the claim as so declared and deal with it in accordance with the provisions of this Part.
(2) In any such proceedings all questions of costs are in the discretion of the Court.