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The Companies Act, 2013

Chapter XX - Winding Up (270 - 365)

Section 363- Settlement of claims of creditors by Official Liquidator.

[ Section 363 notified with effect from 15.12.2016 vide S.O. 3676 (E) dated 07.12.2016]

Section 363- Settlement of claims of creditors by Official Liquidator. [New Provision]

(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 for reasons to be recorded in writing.