Cos 363 — Settlement of claims of creditors by Official Liquidator

Companies Act, 2013

Statutory text

(1) The Official Liquidator within thirty days of his appointment shall call upon the creditors of the company to prove their claims in such manner as may be prescribed, within thirty days of the receipt of such call.
(2)  The  Official  Liquidator  shall  prepare  a  list  of  claims  of  creditors  in  such  manner  as  may  be prescribed and each creditor shall be communicated of the claims accepted or rejected along with reasons to be recorded in writing.

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