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)
Expunging of proof: liquidator or interested parties may seek removal or reduction of an improperly admitted claim. Where a proof appears improperly admitted or admitted by mistake, the Company Liquidator may apply to the Tribunal, on notice to the creditor, to expunge the proof or reduce its amount; if the liquidator declines, any creditor or contributory may apply within a short statutory period and the Tribunal may make such order as it thinks just.
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.
Expunging of proof: liquidator or interested parties may seek removal or reduction of an improperly admitted claim.
Where a proof appears improperly admitted or admitted by mistake, the Company Liquidator may apply to the Tribunal, on notice to the creditor, to expunge the proof or reduce its amount; if the liquidator declines, any creditor or contributory may apply within a short statutory period and the Tribunal may make such order as it thinks just.
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