Proof of claim by financial creditors requires submission of Form C with particulars and evidence for liquidation verification. Form C prescribes the procedural mechanism for a financial creditor to prove its claim in voluntary liquidation by stating the nature and quantum of the claim, providing supporting particulars and documentary evidence, and identifying any subordination or set off, enabling the liquidator to admit, provisionally admit, or reject the claim for distribution purposes.
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Provisions expressly mentioned in the judgment/order text.
Proof of claim by financial creditors requires submission of Form C with particulars and evidence for liquidation verification.
Form C prescribes the procedural mechanism for a financial creditor to prove its claim in voluntary liquidation by stating the nature and quantum of the claim, providing supporting particulars and documentary evidence, and identifying any subordination or set off, enabling the liquidator to admit, provisionally admit, or reject the claim for distribution purposes.
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