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        Companies Law

        Rule 177 - Procedure on failure to prove the debt within the time fixed.

        Company Court Rules, 1959
        Chapter 01

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        Creditor failure to prove debt permits court application for relief, allowing adjudication by court or delegation to liquidator. If a creditor fails to file proof of a debt with the liquidator within the time specified in the advertisement, the creditor may apply to the Court for relief; the Court may adjudicate the debt or direct the liquidator to do so.
                        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.

                            Creditor failure to prove debt permits court application for relief, allowing adjudication by court or delegation to liquidator.

                            If a creditor fails to file proof of a debt with the liquidator within the time specified in the advertisement, the creditor may apply to the Court for relief; the Court may adjudicate the debt or direct the liquidator to do so.


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