Company administrator powers to inventory assets and prepare valuations and creditor lists to support corporate revival processes. The company administrator, subject to Tribunal directions, is authorized to prepare a complete inventory of assets, liabilities, books and documents; ... Summary
Company administrator powers to inventory assets and prepare valuations and creditor lists to support corporate revival processes.
The company administrator, subject to Tribunal directions, is authorized to prepare a complete inventory of assets, liabilities, books and documents; separate lists of shareholders and secured and unsecured creditors; valuation reports and estimates for reserve prices, lease rents or share exchange ratios; proforma accounts if audited accounts are unavailable; and a list of workmen and their dues to support revival and rehabilitation decision making.
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