Liquidator vacancy rules: creditors in general meeting may appoint a replacement unless the appointment was directed by the Tribunal. When a liquidator's office becomes vacant by death, resignation or otherwise, the company's creditors acting in a general meeting have authority to appoint a replacement where the vacant office was not originally filled by, or at the direction of, the Tribunal.
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 vacancy rules: creditors in general meeting may appoint a replacement unless the appointment was directed by the Tribunal.
When a liquidator's office becomes vacant by death, resignation or otherwise, the company's creditors acting in a general meeting have authority to appoint a replacement where the vacant office was not originally filled by, or at the direction of, the Tribunal.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.