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of <h1>Creditors proving debts in company winding up: 30-day proof date, WIN 43 notice, priority claims u/ss 326/327</h1> In a winding up by the Tribunal, the Company Liquidator must, within 30 days of the winding up order, fix a specified date for creditors to prove debts or claims and, with at least 14 days' notice, invite creditors to establish any entitlement to priority under sections 326 or 327. Notice must be given by advertisement in Form WIN 43 in one English daily and one widely circulating regional-language daily in the State or Union territory of the registered office, and by permitted communication to creditors and preferential creditors identified from the statement of affairs or the company's books, and to any known claimant whose claim is not admitted. Rules on admission or rejection of proofs apply, with necessary variations, to claims of preferential priority, failing which the creditor may be excluded from distributions made before proof or barred from objecting to such distributions.
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