PAYMENT OF UNCLAIMED DIVIDENDS OR UNDISTRIBUTED ASSETS INTO THE COMPANY LIQUIDATION DIVIDEND AND UNDISTRIBUTED ASSETS ACCOUNT IN A WINDING UP (From Rule 179 to Rule 182)
Proof of debt in winding up requires creditors to prove claims unless admission is directed without proof. Every creditor must prove his debt in a winding up by the Tribunal, except where the Tribunal directs admission without proof; formal proof for debts within the clause (d) category is not required unless the Company Liquidator in a special case directs otherwise.
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.
Proof of debt in winding up requires creditors to prove claims unless admission is directed without proof.
Every creditor must prove his debt in a winding up by the Tribunal, except where the Tribunal directs admission without proof; formal proof for debts within the clause (d) category is not required unless the Company Liquidator in a special case directs otherwise.
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