PART IXBANKRUPTCY
CHAPTER IVADMINISTRATION BY TRUSTEE
Distribution of bankrupt's estate
Claims by unsatisfied creditors298.
(1)
A creditor who has not proved his debt before the declaration of any dividend is not entitled to disturb, by reason that he has not participated in it, the distribution of that dividend or any other dividend declared before his debt was proved, but—
(a)
when he has proved that debt he is entitled to be paid, out of any money for the time being available for the payment of any further dividend, any dividend or dividends which he has failed to receive; and
(b)
any dividend or dividends payable under sub‐paragraph (a) shall be paid before that money is applied to the payment of any such further dividend.
(2)
No action lies against the trustee for a dividend, but if the trustee refuses to pay a dividend the High Court may, if it thinks fit, order him to pay it and also to pay, out of his own money—
(a)
interest on the dividend, at the rate applicable to a money judgment of the Court at the time it was withheld, from that time, and
(b)
the costs of the proceedings in which the order to pay is made.