Proof of debt in winding up requires creditors to prove claims unless admission is directed without proof. Every creditor must prove his debt in a winding up by the Tribunal, except where the Tribunal directs admission without proof; formal proof for debts ... Summary
Proof of debt in winding up requires creditors to prove claims unless admission is directed without proof.
Every creditor must prove his debt in a winding up by the Tribunal, except where the Tribunal directs admission without proof; formal proof for debts within the clause (d) category is not required unless the Company Liquidator in a special case directs otherwise.
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