https://www.taxtmi.com/caselaws?id=292930 The liquidation notice period may be enlarged where the circumstances are fit and proper, and notice given later can still be treated as valid. Failure to lodge a claim within the notice period does not extinguish the debt or bar the creditor from later proving it before the liquidator. The statutory effect is limited to exclusion from distributions already made before proof of the claim, and the creditor is not required to file a special-leave suit merely because the notice period has expired. The claim must still be received and dealt with according to law. en-us Wed, 02 Dec 1903 00:00:00 +0521 Wed, 13 Jan 2021 13:32:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292930 The liquidation notice period may be enlarged where the circumstances are fit and proper, and notice given later can still be treated as valid. Failure to lodge a claim within the notice period does not extinguish the debt or bar the creditor from later proving it before the liquidator. The statutory effect is limited to exclusion from distributions already made before proof of the claim, and the creditor is not required to file a special-leave suit merely because the notice period has expired. The claim must still be received and dealt with according to law. Case-Laws Companies Law Wed, 02 Dec 1903 00:00:00 +0521 https://www.taxtmi.com/caselaws?id=292930