Section 474 – The Companies Act,1956

The Companies Act, 1956

474. Power to exclude creditors not proving in time.

The 1[Tribunal] may fix a time or times within which creditors are to prove their debts or claims, or to be excluded from the benefit of any distribution made before those debts or claims are proved.

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1. Subs. by Act 11 of 2003, sec. 77, for “Court”.

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The Companies Act, 1956

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