Provisional Liquidator appointment: court limits powers and may order custody of company property, with procedural duties imposed. Appointment of a Provisional Liquidator follows application and affidavit, typically naming the Official Liquidator; the court must limit and describe the Provisional Liquidator's authorised acts, may order immediate taking of charge of the company's property (with a schedule for specific assets), and directs that costs of the application be costs in the petition. Persons required to make or concur in a statement of affairs must attend the Provisional Liquidator and supply necessary information.
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.
Provisional Liquidator appointment: court limits powers and may order custody of company property, with procedural duties imposed.
Appointment of a Provisional Liquidator follows application and affidavit, typically naming the Official Liquidator; the court must limit and describe the Provisional Liquidator's authorised acts, may order immediate taking of charge of the company's property (with a schedule for specific assets), and directs that costs of the application be costs in the petition. Persons required to make or concur in a statement of affairs must attend the Provisional Liquidator and supply necessary information.
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