Enforcement of liquidator filing duty: tribunal can order remediation and allocate costs while preserving penalty regimes. Section 556 provides that if a liquidator defaults in filing, delivering or making required returns, accounts, documents or notices and does not correct the default within fourteen days of service of a requisition, the Tribunal may, on application by a contributory, creditor or the Registrar, order the liquidator to remedy the default within a specified time; the order may require the liquidator to bear the costs of the application and does not prejudice any separate statutory penalties for such defaults.
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.
Enforcement of liquidator filing duty: tribunal can order remediation and allocate costs while preserving penalty regimes.
Section 556 provides that if a liquidator defaults in filing, delivering or making required returns, accounts, documents or notices and does not correct the default within fourteen days of service of a requisition, the Tribunal may, on application by a contributory, creditor or the Registrar, order the liquidator to remedy the default within a specified time; the order may require the liquidator to bear the costs of the application and does not prejudice any separate statutory penalties for such defaults.
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