Section 363

Settlement of claims of creditors by Official Liquidator.

The Companies Act, 2013

  • Act 18 of 2013
  • Ministry of Corporate Affairs
About this Act

An Act to consolidate and amend the law relating to companies.

All sections
     (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.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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