Admissibility of contingent claims: contingent, future, and damages-only debts are to be admitted to proof with estimated value. In every winding up, all debts and claims-present or future, certain or contingent, payable on a contingency, or sounding only in damages-are admissible to proof against the company, with a just estimate made of values for claims lacking certainty; in the case of insolvent companies such admission is subject to the applicable insolvency provisions.
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.
Admissibility of contingent claims: contingent, future, and damages-only debts are to be admitted to proof with estimated value.
In every winding up, all debts and claims-present or future, certain or contingent, payable on a contingency, or sounding only in damages-are admissible to proof against the company, with a just estimate made of values for claims lacking certainty; in the case of insolvent companies such admission is subject to the applicable insolvency provisions.
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