Estimation of claims: liquidator must estimate uncertain claim amounts after consulting claimant and corporate debtor. Where a claimant's asserted amount is imprecise owing to contingency or other reasons, the liquidator must formulate a best estimate of the claim based on consultation with the claimant and the corporate person and on information available to the liquidator.
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.
Estimation of claims: liquidator must estimate uncertain claim amounts after consulting claimant and corporate debtor.
Where a claimant's asserted amount is imprecise owing to contingency or other reasons, the liquidator must formulate a best estimate of the claim based on consultation with the claimant and the corporate person and on information available to the liquidator.
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