Proof of claim requirement: creditors must file affidavits and attend hearings to establish claims or face exclusion. Creditors must file and serve an affidavit proving their debt on the company's advocate and attend the appointed hearing in Chambers in person or by advocate to produce evidence for inclusion in the list of creditors; failure to comply will result in being precluded from objecting to the proposed reduction of capital or being treated as a creditor only for the amount entered against their name in related proceedings.
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.
Proof of claim requirement: creditors must file affidavits and attend hearings to establish claims or face exclusion.
Creditors must file and serve an affidavit proving their debt on the company's advocate and attend the appointed hearing in Chambers in person or by advocate to produce evidence for inclusion in the list of creditors; failure to comply will result in being precluded from objecting to the proposed reduction of capital or being treated as a creditor only for the amount entered against their name in related proceedings.
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