Delivery of bill of costs triggers potential exclusion from dividend distribution and forfeiture for noncompliance. Form No. 160 requires a claimant to deliver a bill of costs stating the nature of employment within a prescribed time or such further time as the Court allows; failure to comply authorizes the Official Liquidator to declare and distribute a dividend without regard to the claimant's claim and renders the claim liable to forfeiture.
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.
Delivery of bill of costs triggers potential exclusion from dividend distribution and forfeiture for noncompliance.
Form No. 160 requires a claimant to deliver a bill of costs stating the nature of employment within a prescribed time or such further time as the Court allows; failure to comply authorizes the Official Liquidator to declare and distribute a dividend without regard to the claimant's claim and renders the claim liable to forfeiture.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.