https://www.taxtmi.com/caselaws?id=794580 A creditor need not first obtain a decree or final adjudication order before lodging a provable claim with the official assignee under the Presidency-Towns Insolvency Act, 1909. The Act's inclusive definitions and claim procedure allow debts to be proved by schedule and rules, including where civil proceedings are already pending; the creditor may lodge the claim and notify the assignee of the pending matter. The official assignee must independently examine, admit or reject the claim with reasons, but cannot try complex disputes reserved for another competent forum. Final quantification for dividend or settlement must await the outcome of the pending proceedings, and rejection carries appellate remedy. en-us Thu, 02 Jul 2026 00:00:00 +0530 Wed, 08 Jul 2026 09:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794580 A creditor need not first obtain a decree or final adjudication order before lodging a provable claim with the official assignee under the Presidency-Towns Insolvency Act, 1909. The Act's inclusive definitions and claim procedure allow debts to be proved by schedule and rules, including where civil proceedings are already pending; the creditor may lodge the claim and notify the assignee of the pending matter. The official assignee must independently examine, admit or reject the claim with reasons, but cannot try complex disputes reserved for another competent forum. Final quantification for dividend or settlement must await the outcome of the pending proceedings, and rejection carries appellate remedy. Case-Laws IBC Thu, 02 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794580