Liquidator powers in creditors' voluntary winding up require sanction by Tribunal or committee under governing provisions. Provisions applicable to members' voluntary winding up apply to creditors' voluntary winding up, but the liquidator's powers under those provisions may be exercised only with the sanction of either the Tribunal or the committee of inspection; the term Tribunal replaces the former court reference.
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 powers in creditors' voluntary winding up require sanction by Tribunal or committee under governing provisions.
Provisions applicable to members' voluntary winding up apply to creditors' voluntary winding up, but the liquidator's powers under those provisions may be exercised only with the sanction of either the Tribunal or the committee of inspection; the term Tribunal replaces the former court reference.
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