Section 41: Money to be lent by creditor

1) Where any act to be done by any company which has become insolvent may render or yield benefit or advantage to the creditors, any creditor of such company may advance money to the liquidator to do such act.

2) Any amount borrowed pursuant to sub-section (1) shall be paid from the amount received from such act.

3) Any creditor may make an application to the Court for any order for making payment of a debt claim accepted by the company from the amount received pursuant to sub-section (1).

4) Where an application is made pursuant to sub-section (3), the Court may, if it considers reasonable that such loan can be repaid from the amount referred to in sub-section (1), make an order for that purpose.