44 Settlement of Claims of Creditors by the Official Liquidator

44 Settlement of Claims of Creditors by the Official Liquidator

(i) Official Liquidator may issue a public notice in the newspaper one edition in English and in one edition of vernacular language inviting claims from the creditors in the event creditors are more than one hundred.

(ii) The Official Liquidator shall issue individual notice to creditors by registered or speed post. The notice shall be in Form H.

(iii). The claim application shall be submitted by creditor in Form I, supported by an affidavit duly sworn in.

(iv) The list of claims of creditors prepared under sub section (2) of section 363, shall be in Form J. The notice of acceptance or rejection under sub-section (2) of section 363, shall be in Form K or L respectively.