Official Liquidator powers in summary liquidation: classification, asset disposal, accounting rules, payment into public account, creditor claims.

The Official Liquidator shall exercise powers and duties as specified in the Act and rules and apply the summary liquidation classification based on the latest audited balance sheet (deposit, loan, turnover, paid up capital thresholds). The Official Liquidator must maintain registers and accounts per rules 79-80, follow filing and audit procedures in rules 91-99 and asset disposal in rules 165-167 with 'Tribunal' read as 'Central Government', pay monies into the public account of India at the Reserve Bank of India by the next working day, and require creditors to prove claims under rules 100-125.

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