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of <h1>Official Liquidator Takes Over in Winding-Up Case After High Court Transfer; Assets and Duties Shift to New Court.</h1> Upon a High Court order transferring winding-up proceedings, the Official Liquidator from the transferee court assumes the role of Liquidator for the company, replacing the original court's Liquidator. The proceedings continue in the transferee court as if it initiated the winding-up order. The original court's Liquidator must promptly transfer all company property, assets, books, and papers to the new Liquidator, retaining only costs or expenses incurred before the transfer.
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