The Insolvency and Bankruptcy Code

Initiation of liquidation

Appointment of liquidator and fee to be paid

Powers and duties of liquidator

Liquidation estate

Powers of liquidator to access information

Consolidation of claims

Verification of claims

Admission or rejection of claims

Determination of valuation of claims

Appeal against the decision of liquidator

Preferential transactions and relevant time

Orders in case of preferential transactions

Avoidance of undervalued transactions

Relevant period for avoidable transactions

Application by creditor in cases of undervalued transactions

Order in cases of undervalued transactions

Transactions defrauding creditors

Extortionate credit transactions

Orders of Adjudicating Authority in respect of extortionate credit transactions

Secured creditor in liquidation proceedings

Distribution of assets

Dissolution of corporate debtor


CHAPTER III LIQUIDATION PROCESS


(1) The liquidator shall verify the claims submitted under section 38
within such time as specified by the Board.

(2) The liquidator may require any creditor or the corporate debtor or any other person to produce any
other document or evidence which he thinks necessary for the purpose of verifying the whole or any part
of the claim.



LAWGIST

# 39 Verification of claims