Tribunal power to order payment into public account for money due to company, enforceable as payment to liquidator. The Tribunal may direct any contributory, purchaser, or other person owing money to a company to pay those moneys into the public account in the Reserve Bank instead of to the liquidator, and such an order is enforceable in the same manner as if payment had been directed to 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.
Tribunal power to order payment into public account for money due to company, enforceable as payment to liquidator.
The Tribunal may direct any contributory, purchaser, or other person owing money to a company to pay those moneys into the public account in the Reserve Bank instead of to the liquidator, and such an order is enforceable in the same manner as if payment had been directed to the liquidator.
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