Section 331 — Power to order payment into bank

(1) The Court may order any
contributory, purchaser or other person from whom any money is due to the
company to pay the same into the account of the official liquidator in a scheduled
bank instead of to the official liquidator, and any such order may be enforced in the
same manner as if it had directed payment to the official liquidator.

(2) Information about the amount deposited shall be sent by the person
paying it to the official liquidator within three days of the date of payment.
332. Regulation of account with Court.– All moneys, bills, notes and
other securities paid and delivered into the scheduled bank where the official
liquidator of the company may have his account, in the event of a company being
wound up by the Court, shall be subject in all respect to the orders of the Court.

333. Order on contributory conclusive evidence.–(1) An order made
by the Court on a contributory shall, subject to any right of appeal, be conclusive
evidence that the money, if any, thereby appearing to be due or ordered to be paid
is due.

(2) All other pertinent matters stated in the order shall be taken to be

truly stated as against all persons, and in all proceedings whatsoever.
334. Power to exclude creditors not proving in time.–The Court 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 are
proved.