Provisional liquidator appointment enables interim control pending winding up, subject to notice and possible power limits. The Tribunal may appoint the Official Liquidator as provisional liquidator after a winding up petition and before a winding up order; the Tribunal must give notice and an opportunity to the company to make representations unless special reasons are recorded to dispense with notice. The appointing order may limit the provisional liquidator's powers, but otherwise he has the same powers as a liquidator; on a winding up order being made the Official Liquidator becomes the liquidator.
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.
Provisional liquidator appointment enables interim control pending winding up, subject to notice and possible power limits.
The Tribunal may appoint the Official Liquidator as provisional liquidator after a winding up petition and before a winding up order; the Tribunal must give notice and an opportunity to the company to make representations unless special reasons are recorded to dispense with notice. The appointing order may limit the provisional liquidator's powers, but otherwise he has the same powers as a liquidator; on a winding up order being made the Official Liquidator becomes the liquidator.
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