Singapore legislation
Regulation 131
of Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020
Regulation 131
Notice to creditors to prove
Subregulation 1
The powers conferred on the Court under section 155(1) of the Act in respect of the fixing of a date on or before which creditors are to prove their debts or claims, or after which the creditors are excluded from the benefit of any distribution made before those debts or claims are proved, are to be exercised by the liquidator subject to the control of the Court.
Subregulation 2
Subject to the provisions of Parts 3 to 12 or Part 22 of the Act and any order of the Court, the liquidator must, at least 14 days before the date fixed by the liquidator pursuant to paragraph (1) —
give notice of that date by advertising the notice in Form CIR-48 in the Gazette and at least once in an English local daily newspaper; and
give written notice of that date in Form CIR-49 to every person mentioned in the statement of affairs of the company as a creditor and who has not proved the creditor’s debt.