https://www.taxtmi.com/caselaws?id=294494 In liquidation proceedings, the Court may consider additional evidence on an appeal against the Official Liquidator's rejection of a creditor's proof and determine the claim afresh. An authenticated company balance sheet may also operate as an acknowledgment of liability under limitation law if it is properly signed by authorised persons and shows the debtor-creditor relationship; it is not automatically excluded because one signatory had an interest in the debt. The Court further noted that parol evidence may be used to connect balance-sheet entries with the creditor's claim. The rejection of the proof was therefore set aside and the matter remitted for fresh decision on all relevant material. en-us Fri, 08 Dec 1967 00:00:00 +0530 Sat, 17 Apr 2021 17:47:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294494 In liquidation proceedings, the Court may consider additional evidence on an appeal against the Official Liquidator's rejection of a creditor's proof and determine the claim afresh. An authenticated company balance sheet may also operate as an acknowledgment of liability under limitation law if it is properly signed by authorised persons and shows the debtor-creditor relationship; it is not automatically excluded because one signatory had an interest in the debt. The Court further noted that parol evidence may be used to connect balance-sheet entries with the creditor's claim. The rejection of the proof was therefore set aside and the matter remitted for fresh decision on all relevant material. Case-Laws Companies Law Fri, 08 Dec 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294494