https://www.taxtmi.com/caselaws?id=101446 An unsecured creditor of a company in liquidation must prove the debt before the official liquidator under section 528 of the Companies Act, 1956, read with the Companies (Court) Rules, 1959. The winding-up scheme provides a special process for admission, decision, appeal, and listing of claims, and that procedure governs unsecured debt claims. Section 446(2)(b) is not available to such a creditor for direct recovery, as that general remedy is reserved for situations where proof before the liquidator is not the applicable route, including claims by secured creditors or claims against third parties on behalf of the company. en-us Fri, 05 Sep 1986 00:00:00 +0530 Thu, 09 Feb 2012 17:35:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101446 An unsecured creditor of a company in liquidation must prove the debt before the official liquidator under section 528 of the Companies Act, 1956, read with the Companies (Court) Rules, 1959. The winding-up scheme provides a special process for admission, decision, appeal, and listing of claims, and that procedure governs unsecured debt claims. Section 446(2)(b) is not available to such a creditor for direct recovery, as that general remedy is reserved for situations where proof before the liquidator is not the applicable route, including claims by secured creditors or claims against third parties on behalf of the company. Case-Laws Companies Law Fri, 05 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101446