Central Government oversight over liquidators enables inquiries, Tribunal examination and local investigations into winding up conduct. Central Government oversight requires inquiry where a liquidator fails to perform duties or a creditor or contributory complains; the Government may act as it deems expedient and, for windings up begun before the Act, may apply to the Tribunal to appoint the Official Liquidator in place of the existing liquidator. The Government may compel liquidators to answer inquiries, apply to the Tribunal to examine persons on oath concerning the winding up, and direct local investigations of the liquidator's books and vouchers.
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.
Central Government oversight over liquidators enables inquiries, Tribunal examination and local investigations into winding up conduct.
Central Government oversight requires inquiry where a liquidator fails to perform duties or a creditor or contributory complains; the Government may act as it deems expedient and, for windings up begun before the Act, may apply to the Tribunal to appoint the Official Liquidator in place of the existing liquidator. The Government may compel liquidators to answer inquiries, apply to the Tribunal to examine persons on oath concerning the winding up, and direct local investigations of the liquidator's books and vouchers.
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