Acceptance or rejection of proofs must be communicated to creditors with reasons, prescribed forms, and acknowledgement procedures.

Rule 151 requires the liquidator, after investigation, to admit or reject proofs of debt in whole or in part and to communicate each decision in writing to the creditor by the prescribed postal or courier methods. Rejections must state grounds in Form No. 47 and admissions use Form No. 48. Communications must be sent within the prescribed period from the last date fixed for proving debts, except where a creditor appeared and was informed in writing of acceptance at the time.

---

---

---