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)
Creditors must bear the costs of proving their debts in winding up unless the tribunal orders otherwise. Rule 114 provides that, in winding up proceedings, a creditor shall bear the costs of proving his debt unless the tribunal orders otherwise, placing the default expense of substantiating a claim on the creditor while preserving the tribunal's discretion to direct a different allocation of those costs.
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.
Creditors must bear the costs of proving their debts in winding up unless the tribunal orders otherwise.
Rule 114 provides that, in winding up proceedings, a creditor shall bear the costs of proving his debt unless the tribunal orders otherwise, placing the default expense of substantiating a claim on the creditor while preserving the tribunal's discretion to direct a different allocation of those costs.
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