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MCA Notice

How to claim money from Madhyavart Exxoil Limited

Document
Notice
Dated
07 Aug 2026
Effective
05 August 2026

This page was written by Patron Accounting’s AI from the official release and reviewed before publishing. It explains the document in plain language. It is not the document itself. Where this page and the original differ, the original governs.

In short

This is a formal court notice for creditors and workmen of M/s. Madhyavart Exxoil Limited to submit their claims. It exists to ensure that anyone owed money by the company in liquidation can be identified before assets are distributed.

What has changed

How it worked before

Previously, there was no specific deadline set for this particular claim process in this court case. Creditors were not under an immediate, time-bound requirement to file their proof of debt to participate in this specific distribution.

What has changed

The court has now set a strict deadline of 18 August 2026 for all claims to be submitted. If you do not file your proof of debt by this date, you will be excluded from receiving any dividend payments from the company's assets.

Who this affects

This affects anyone who is a creditor or a workman owed money by M/s. Madhyavart Exxoil Limited, which is currently in provisional liquidation.

What you should do

You must prepare an affidavit—a written statement confirmed by oath—detailing your claim, your address, and any legal priority rights you have under the Companies Act. You must deliver this document to the Official Liquidator's office in Indore, either in person or by post, so that it arrives no later than 18 August 2026.

The original document

Issued byMCA
DocumentNotice
Full titleClaim Notice - “Advertisement of Notice to Creditors, Including Workmen Creditors, to Prove Their Claims” of M/s. Madhyavart Exxoil Limited (In-Provisional Lign.), Company Petition No.25/2000.
Issued on07 August 2026
Effective05 August 2026

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Does this apply to me if I am a former employee?

Yes, this notice specifically includes workmen creditors. If the company owes you unpaid wages or other dues, you must submit your claim to be considered for payment.

What happens if I miss the 18 August 2026 deadline?

If you fail to submit your affidavit by the deadline, you will be excluded from the benefit of any dividend distribution. This means you may lose your chance to recover the money owed to you from the company's remaining funds.

Do I need to hire a lawyer to submit my claim?

The notice does not require you to have a lawyer to submit your initial proof of debt. However, if the Official Liquidator later asks you to attend an investigation of your claim, you may choose to attend personally or through an advocate.

Where exactly do I send my claim documents?

You must send your documents to the Office of the Official Liquidator, 1st Floor, Old CIA Building, Opposite GPO, Residency Area, Indore, Madhya Pradesh. Ensure it reaches them by 18 August 2026.

What information must I include in my affidavit?

Your affidavit must include your name, your address, specific details of the debt or claim, and any information regarding your right to priority payment under the Companies Act. You should ensure all these details are clearly stated to avoid delays.