https://www.taxtmi.com/caselaws?id=382078 A company's prior admission of debt in winding-up proceedings does not bind the Official Liquidator when claims are later adjudicated, because the Liquidator is not the maker of that admission and cannot be treated as bound under the Evidence Act. Under the Companies (Court) Rules, 1959, a creditor must ordinarily prove the debt before the claim can be considered, unless a special case justifies dispensing with proof. The creditor was therefore required to furnish proof of the money transfer first, after which the Official Liquidator could decide whether further proof could be waived. en-us Thu, 20 Jun 2019 00:00:00 +0530 Tue, 25 Jun 2019 10:02:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382078 A company's prior admission of debt in winding-up proceedings does not bind the Official Liquidator when claims are later adjudicated, because the Liquidator is not the maker of that admission and cannot be treated as bound under the Evidence Act. Under the Companies (Court) Rules, 1959, a creditor must ordinarily prove the debt before the claim can be considered, unless a special case justifies dispensing with proof. The creditor was therefore required to furnish proof of the money transfer first, after which the Official Liquidator could decide whether further proof could be waived. Case-Laws Companies Law Thu, 20 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382078