Proof of claim requirement: creditors must submit affidavits to the liquidator to preserve entitlement to distributions. Creditors of an LLP must submit to the Liquidator an affidavit in the prescribed form with names, addresses, particulars of debt or claim and any priority, delivered or posted to reach the Liquidator by the specified deadline; failure to submit proof in time excludes a creditor from distribution or from objecting to distribution until the debt is proved. The Liquidator may require attendance and further evidence from any creditor who has submitted proof. If creditors do not exceed one hundred individuals, newspaper advertisement may be dispensed with in favour of individual notices.
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 claim requirement: creditors must submit affidavits to the liquidator to preserve entitlement to distributions.
Creditors of an LLP must submit to the Liquidator an affidavit in the prescribed form with names, addresses, particulars of debt or claim and any priority, delivered or posted to reach the Liquidator by the specified deadline; failure to submit proof in time excludes a creditor from distribution or from objecting to distribution until the debt is proved. The Liquidator may require attendance and further evidence from any creditor who has submitted proof. If creditors do not exceed one hundred individuals, newspaper advertisement may be dispensed with in favour of individual notices.
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