Liquidation claims filing requires timely submission, proof of debt, and updating claims when partially or fully satisfied. A stakeholder in liquidation must submit any claim not already filed during the corporate insolvency resolution process within fourteen days of the liquidation commencement date. For newly submitted claims, the stakeholder must prove the debt or dues claimed as on the insolvency commencement date and must update the claim whenever it is satisfied, in whole or in part, from any source after that date.
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.
Liquidation claims filing requires timely submission, proof of debt, and updating claims when partially or fully satisfied.
A stakeholder in liquidation must submit any claim not already filed during the corporate insolvency resolution process within fourteen days of the liquidation commencement date. For newly submitted claims, the stakeholder must prove the debt or dues claimed as on the insolvency commencement date and must update the claim whenever it is satisfied, in whole or in part, from any source after that date.
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