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Rule 122: Expunging of proof · Complied AI

Chapter 37
Rule 122

Rule 122Chapter 37

Expunging of proof

Expunging of proof.- (1) If after the admission of a proof, the Company Liquidator has reason to believe that the proof has been improperly admitted or admitted by a mistake, he may immediately apply to the Tribunal upon notice to the creditor who made the proof, to expunge the proof or reduce its amount, as the case may be.

(2)

Any creditor or contributory may, within ten days of the admission of the proof, also apply to the Tribunal to expunge the proof or reduce the amount thereof, if the Company Liquidator declines to move in the matter, and on such application, the Tribunal may pass such order as it may think just.

Rule 121 Rule 122 Rule 123