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of <h1>Rule 234: Official Liquidator Can Enforce Handover of Company Assets During Court-Ordered Winding-Up</h1> Under Rule 234 of the Company Court Rules, 1959, the Official Liquidator is empowered to exercise the court's authority as outlined in section 468. This rule mandates that any contributory, trustee, receiver, banker, agent, or officer of a company under court-ordered winding-up must, upon notice from the Official Liquidator, promptly hand over any money, property, or documents belonging to the company. If the recipient fails to comply, the Official Liquidator may seek a court order to enforce compliance. The notice issued must adhere to Form No. 99.
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