Central government oversight of liquidators permits inquiry, tribunal examination on oath and local investigation of liquidator records. Central Government must take cognizance of official liquidators' conduct in LLP windings by the Tribunal and inquire where a liquidator fails to perform ... Summary
Central government oversight of liquidators permits inquiry, tribunal examination on oath and local investigation of liquidator records.
Central Government must take cognizance of official liquidators' conduct in LLP windings by the Tribunal and inquire where a liquidator fails to perform duties or a creditor or partner complains, taking such action as it deems expedient; it may apply to the Tribunal to examine the liquidator or others on oath and may direct local investigation of the liquidator's books and vouchers.
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