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of <h1>Companies Must Notify Creditors Within 7 Days of Filing List Under Rule 49; Claims Can Be Adjusted</h1> The company must notify creditors within seven days of filing the creditor list as per Rule 49, or within an extended period allowed by the Judge. This notice informs creditors of the petition's presentation, proposed capital reduction, and their listed debt or claim amount. Creditors can claim a larger amount by submitting their details, including their advocate's information, within a timeframe set by the Judge. Notices should be sent using Form No. 23 via pre-paid registered post to each creditor's last known address. If a creditor's address is unknown, the Judge may specify an alternative notification method.
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