Proof of claims: tribunal may set deadlines for creditors to prove debts or be excluded from distributions. The provision empowers the Tribunal to fix a time or times within which creditors must prove their debts or claims, and provides that creditors failing to prove within those prescribed periods may be excluded from the benefit of any distribution made before such debts or claims are proved.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Proof of claims: tribunal may set deadlines for creditors to prove debts or be excluded from distributions.
The provision empowers the Tribunal to fix a time or times within which creditors must prove their debts or claims, and provides that creditors failing to prove within those prescribed periods may be excluded from the benefit of any distribution made before such debts or claims are proved.
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