Liquidator appointment priority: creditors' nominee prevails, company nominations and statutory challenge mechanisms provided for winding-up proceedings. Where creditors and the company nominate different liquidators, the creditors' nominee prevails as liquidator, subject to a seven-day statutory application by a director, member or creditor to seek that the company's nominee, the Official Liquidator, or another person be appointed instead or jointly; if only one class nominates, that nomination determines 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.
Liquidator appointment priority: creditors' nominee prevails, company nominations and statutory challenge mechanisms provided for winding-up proceedings.
Where creditors and the company nominate different liquidators, the creditors' nominee prevails as liquidator, subject to a seven-day statutory application by a director, member or creditor to seek that the company's nominee, the Official Liquidator, or another person be appointed instead or jointly; if only one class nominates, that nomination determines the liquidator.
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