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of <h1>Creditors Must Submit Proof of Claims in Voluntary Winding-Up; Section 530 Details Priority and Deadline Requirements</h1> In the context of a voluntary winding-up under the Companies Act, 1956, creditors are notified to submit proof of their debts or claims against a company in liquidation. The liquidator requires creditors to deliver an affidavit of proof, detailing their claim and any priority under section 530, to the liquidator's office by a specified deadline. Failure to submit within the stipulated time may result in exclusion from dividend distribution or objection rights. Creditors may also be required to attend an investigation of their claim, providing necessary evidence as requested by the liquidator.
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