38. (1) The liquidator shall receive or collect the claims of creditors
within a period of thirty days from the date of the commencement of the
liquidation process.
(2) A financial creditor may submit a claim to the liquidator by providing a
record of such claim with an information utility:
Provided that where the information relating to the claim is not recorded in
the information utility, the financial creditor may submit the claim in the
same manner as provided for the submission of claims for the operational
creditor under sub-section (3).
(3) An operational creditor may submit a claim to the liquidator in such
form and in such manner and along with such supporting documents required to
prove the claim as may be specified by the Board.
(4) A creditor who is partly a financial creditor and partly an operational
creditor shall submit claims to the liquidator to the extent of his
financial debt in the manner as provided in sub-section (2) and to the
extent of his operational debt under sub-section (3).
(5) A creditor may withdraw or vary his claim under this section within
fourteen days of its submission.