THE FIRST GROUP OF PARTS

PART 4COMPANIES WINDING UP

CHAPTER 10SECURED CREDITORS

Surrender for non-disclosureI14.96

1

If a secured creditor omits to disclose his security in his proof of debt, he shall surrender his security for the general benefit of creditors, unless the court, on application by him, relieves him for the effect of this Rule on the ground that the omission was inadvertent or the result of honest mistake.

2

If the court grants that relief, it may require or allow the creditor's proof of debt to be amended, on such terms as may be just.