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of <h1>Rule 129: Statement of Affairs Costs Need Liquidator Approval; Appeals Possible Within 14 Days for Disallowed Expenses.</h1> Under Rule 129 of the Company Court Rules, 1959, individuals required to prepare a company's statement of affairs must submit an estimated cost statement to the Official Liquidator for approval. Payment for these expenses from the company's assets requires the Liquidator's sanction and cannot occur until the verified statement is submitted. If the Liquidator disallows any expenses, the individual can appeal to a Judge within 14 days for approval of the disallowed amount. The Judge has the discretion to issue orders deemed appropriate.
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