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of <h1>Rule 122: Company Liquidator or creditors can apply to expunge or reduce improperly admitted claims against a company.</h1> Rule 122 of the Companies (Winding Up) Rules, 2020, outlines the process for expunging or reducing a proof of debt or claim against a company. If the Company Liquidator believes a proof was improperly admitted or admitted by mistake, they may apply to the Tribunal to expunge or reduce it, notifying the creditor involved. Creditors or contributories can also apply to the Tribunal within ten days if the Liquidator does not act. The Tribunal has the authority to issue orders it deems just in response to these applications.
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