Verification of claims: liquidator must verify and admit or reject claims within the prescribed time period for liquidation. Regulation 30 requires the liquidator to verify claims submitted in liquidation within a prescribed thirty day period from the last date for receipt of claims and to admit or reject each claim in whole or in part; it also requires verification of claims collated during the corporate insolvency resolution process but not submitted during liquidation within the same time frame.
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Provisions expressly mentioned in the judgment/order text.
Verification of claims: liquidator must verify and admit or reject claims within the prescribed time period for liquidation.
Regulation 30 requires the liquidator to verify claims submitted in liquidation within a prescribed thirty day period from the last date for receipt of claims and to admit or reject each claim in whole or in part; it also requires verification of claims collated during the corporate insolvency resolution process but not submitted during liquidation within the same time frame.
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