Production of negotiable instruments required before admission of debt claims in voluntary liquidation proceedings under insolvency regulation. Regulation 21 requires that a person seeking to prove a debt based on a bill of exchange, promissory note or similar negotiable instrument must produce ... Summary
Production of negotiable instruments required before admission of debt claims in voluntary liquidation proceedings under insolvency regulation.
Regulation 21 requires that a person seeking to prove a debt based on a bill of exchange, promissory note or similar negotiable instrument must produce the actual instrument to the liquidator before the claim can be admitted, making production an essential precondition for claim admission in the voluntary liquidation process.
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