Official Liquidator proceeds rule: sale proceeds paid to the liquidator, with sale expenses paid later per court scales. Where company property is sold by the Official Liquidator through an auctioneer or agent, the gross proceeds must be paid to the Official Liquidator unless the Court orders otherwise, and the charges and expenses connected with the sale are then payable to the auctioneer or agent in accordance with scales, if any, fixed by the Court.
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Provisions expressly mentioned in the judgment/order text.
Official Liquidator proceeds rule: sale proceeds paid to the liquidator, with sale expenses paid later per court scales.
Where company property is sold by the Official Liquidator through an auctioneer or agent, the gross proceeds must be paid to the Official Liquidator unless the Court orders otherwise, and the charges and expenses connected with the sale are then payable to the auctioneer or agent in accordance with scales, if any, fixed by the Court.
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