Admission or Rejection of claim [ Section 40 , 41 & 42 ]

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....rejection of claims [ Section 40(1) ] * The liquidator may, after verification of claims under section 39, either admit or reject the claim, in whole or in part. Provided that where the liquidator r....

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.... shall determine the value of claims admitted in such manner as may be specified by the Board. * Appeal against the decision of liquidator [ Section 42 ] * A creditor may appeal to the Adjudicatin....