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There are currently no known outstanding effects for the The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018, Section 1A.28.
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1A.28.—(1) Subject to the provisions of this rule and rules 1A.29 and 1A.30 the amount in respect of which a creditor is entitled to claim is the accumulated sum of principal and any interest which is due on the debt as at the date of the decision procedure under Part A1 of the Act.
(2) In calculating the amount of a creditor’s claim, the creditor must deduct any discount (other than any discount for immediate or early settlement) which is allowable by contract or course of dealing between the creditor and the company or by the usage of trade.
(3) The rate of interest referred to in paragraph (2) is to be whichever is the greater of—
(a)the official rate at the date the company entered the moratorium; or
(b)the rate applicable to that debt apart from the moratorium.]
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