BANKRUPTCY ACT

Section 83: Allowance and taxation of costs.

1979Section 83 of 143Federal Republic of Nigeria

(1) Where a trustee or manager receives remuneration for his services as such, no payment shall be allowed in his accounts in respect of the performance by any other person of the ordinary duties which are required by this Act to be performed by himself.
(2) Where the trustee is a legal practitioner he may contract that the remuneration for his services as trustee shall include all professional services.
(3) All bills and charges of legal practitioners, managers, accountants, auctioneers, brokers and other persons, not being trustees, shall be taxed by the Registrar and no payments in respect thereof shall be allowed in the trustee's accounts without proof of such taxation having been made.
(4) The Registrar shall satisfy himself before passing such bills and charges that the employment of such legal practitioners and other persons, in respect of the particular matters out of which such charges arise, has been duly sanctioned; and the sanction shall be obtained before the employment, except in cases of urgency, and in such cases it must be shown that no undue delay took place in obtaining the sanction.
(5) Every such person shall, on request by the trustee (which request the trustee shall make within a sufficient time before declaring a dividend), deliver his bill of costs or charges to the Registrar for taxation, and if he fails to do so within seven days after receipt of the request or such further time as the Court on application may grant, the trustee shall declare and distribute the dividend without regard to any claim by him, and thereupon any such claim shall be forfeited as well against the trustee personally as against the estate.

Cite this section

Section 83, BANKRUPTCY ACT (1979).

https://repo.podus.ai/laws/bankruptcy-act/section/83/