Cost of proof: claimant bears proof expenses; liquidator's verification costs form part of liquidation costs and may be recovered. A claimant must bear the cost of proving its claim; liquidator's costs for verification and determination form part of liquidation cost, and if a claim is found false the liquidator shall endeavour to recover those verification costs from the claimant and provide claimant details to the Board.
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.
Cost of proof: claimant bears proof expenses; liquidator's verification costs form part of liquidation costs and may be recovered.
A claimant must bear the cost of proving its claim; liquidator's costs for verification and determination form part of liquidation cost, and if a claim is found false the liquidator shall endeavour to recover those verification costs from the claimant and provide claimant details to the Board.
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