https://www.taxtmi.com/caselaws?id=313280 A creditor who fails to prove a debt within the court-fixed period may apply for leave under Rule 177; the court allowed such belated proof but applied the Rule 178 principle that proof filed after declaration of dividends cannot disturb distributions already declared. The court held that late claims may nonetheless be paid out of any monies then in the hands of the Official Liquidator available for distribution. A prior denial of liability when called under statutory procedure was treated as affecting the sufficiency of evidence to be examined and adjudicated by the Official Liquidator, not as a bar to the court granting relief. Costs awarded to the Official Liquidator. en-us Fri, 04 Feb 1972 00:00:00 +0530 Thu, 04 Apr 2024 18:43:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313280 A creditor who fails to prove a debt within the court-fixed period may apply for leave under Rule 177; the court allowed such belated proof but applied the Rule 178 principle that proof filed after declaration of dividends cannot disturb distributions already declared. The court held that late claims may nonetheless be paid out of any monies then in the hands of the Official Liquidator available for distribution. A prior denial of liability when called under statutory procedure was treated as affecting the sufficiency of evidence to be examined and adjudicated by the Official Liquidator, not as a bar to the court granting relief. Costs awarded to the Official Liquidator. Case-Laws Companies Law Fri, 04 Feb 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313280