Liquidator discretion governs asset administration; creditors' directions prevail, meetings may be summoned and Tribunal review available. The liquidator must regard directions of creditors or contributories and, where they conflict with committee directions, creditors' or contributories' directions prevail. The liquidator retains statutory discretion in administering assets and distributing proceeds, may summon meetings to ascertain wishes and must call meetings when directed or requisitioned. The liquidator may apply to the Tribunal for directions on winding-up matters, and any person aggrieved by a liquidator's act or decision may apply to the Tribunal, which may confirm, reverse, modify that act or decision and make further orders.