Liquidation claim admissibility turns on the liquidation commencement date, with later-assessed provident fund liabilities held not entertainable.

Claims for provident fund interest and damages assessed after the liquidation commencement date were not admissible in liquidation, because the statutory scheme permits only claims that existed and were provable as on that date. A later assessment could not be enforced by the liquidator merely because it related to an earlier period, and the refusal to accept the claim was consistent with the liquidation framework. The challenge to the liquidator's rejection therefore failed, and the additional provident fund claim remained rejected.

---

---

Issues: Whether a claim for provident fund interest and damages assessed after the liquidation commencement date could be admitted in liquidation proceedings.

Analysis: The claim for interest and damages arose from orders passed after the liquidation commencement date. Under the liquidation framework, claims had to be filed and proved as on the liquidation commencement date. A claim founded on a later assessment could not be given effect by the liquidator, and the subsequent refusal to accept such claim was held to be consistent with the statutory scheme.

Conclusion: The post-liquidation assessment claim for interest and damages was not admissible, and the challenge to the liquidator's refusal failed.

Final Conclusion: The appeal was dismissed, and the order rejecting the additional provident fund claim was sustained.

Ratio Decidendi: In liquidation, only claims existing and provable as on the liquidation commencement date can be admitted; liabilities assessed thereafter cannot be entertained merely because they relate to an earlier period.

---