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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Creditors Must Prove Claims via Affidavit and Attend Hearing Under Company Court Rules, 1959 for Capital Reduction.</h1> Notice to creditors requires them to prove their claims against a company by filing an affidavit and serving a copy to the company's advocate by a specified date. Creditors must attend a hearing before a judge to present evidence supporting their claims. Failure to comply may result in being precluded from objecting to the proposed capital reduction or being recognized only for the amount listed in the creditors' register. This notice is part of the procedures under the Company Court Rules, 1959, concerning the reduction of a company's capital.
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