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of <h1>Liquidator Powers: Initiate Legal Actions, Sell Assets, Manage Claims, and Distribute Funds in Company Winding-Up Process.</h1> The liquidator in a company winding-up process, with the Tribunal's sanction, can initiate or defend legal actions, continue business operations for beneficial winding up, and sell company assets. They can also raise funds using company assets as security and perform necessary actions to wind up affairs and distribute assets. The liquidator can execute documents on behalf of the company, inspect company records, manage insolvency claims, and appoint agents. They must secure company property, assess asset value, and invite bids for asset sales. The liquidator maintains separate bank accounts for each company and submits financial reports to the Tribunal, all under Tribunal control.
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