https://www.taxtmi.com/caselaws?id=313280 A creditor who files proof after the time fixed by the Court is not wholly barred from relief under Rule 177 of the Companies (Court) Rules, 1959; the delay mainly prevents participation in dividends already declared and distributed, while claim may still be considered against assets remaining with the Liquidator. The omission to first approach the Official Liquidator does not make the application premature, because Rule 177 itself contemplates an application to the Court for relief. The substantive proof of debt remains for determination by the Official Liquidator according to law. 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 files proof after the time fixed by the Court is not wholly barred from relief under Rule 177 of the Companies (Court) Rules, 1959; the delay mainly prevents participation in dividends already declared and distributed, while claim may still be considered against assets remaining with the Liquidator. The omission to first approach the Official Liquidator does not make the application premature, because Rule 177 itself contemplates an application to the Court for relief. The substantive proof of debt remains for determination by the Official Liquidator according to law. Case-Laws Companies Law Fri, 04 Feb 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313280