Notice to creditors to prove debts: timely affidavit required or creditor may be excluded from distribution and barred from objection. Notice requiring creditors in voluntary winding up to submit an affidavit of proof of debt or claim to the liquidator by the stated deadline with name, address, claim particulars and any priority claimed; liquidator may require attendance and supporting evidence. Failure to submit the affidavit in time will result in being excluded from the benefit of any distribution until admission of the debt and may bar objection to earlier distributions.
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.
Notice to creditors to prove debts: timely affidavit required or creditor may be excluded from distribution and barred from objection.
Notice requiring creditors in voluntary winding up to submit an affidavit of proof of debt or claim to the liquidator by the stated deadline with name, address, claim particulars and any priority claimed; liquidator may require attendance and supporting evidence. Failure to submit the affidavit in time will result in being excluded from the benefit of any distribution until admission of the debt and may bar objection to earlier distributions.
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