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 ... Summary
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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.
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