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of <h1>Rule 106: Steps for Appointing Provisional Liquidator Post-Winding-Up Petition; Affidavit and Notice Requirements Explained.</h1> Rule 106 of the Company Court Rules, 1959, under the Companies Law, outlines the process for appointing a Provisional Liquidator after a winding-up petition is admitted. A creditor, contributory, or the company itself can apply for this appointment, supported by an affidavit demonstrating sufficient grounds. The Court may appoint the Official Liquidator as Provisional Liquidator, pending final orders, under terms deemed just and necessary. If the company is not the applicant, notice must be given unless the Court waives this requirement for special reasons. The appointment order specifies any restrictions on the Provisional Liquidator's powers and follows a prescribed form.
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