Application of statutory provisions to receivers and managers clarifies protections for Tribunal appointed and instrument appointed managers. The provisions governing receivers under sections 421-423 apply equally to persons appointed to manage a company's property by the Tribunal and to persons appointed under powers contained in an instrument, extending the same duties, powers and liabilities to Tribunal appointed and instrument appointed managers as to receivers appointed under an instrument.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Application of statutory provisions to receivers and managers clarifies protections for Tribunal appointed and instrument appointed managers.
The provisions governing receivers under sections 421-423 apply equally to persons appointed to manage a company's property by the Tribunal and to persons appointed under powers contained in an instrument, extending the same duties, powers and liabilities to Tribunal appointed and instrument appointed managers as to receivers appointed under an instrument.
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