Payment of investment and deposits: realise or withdraw funds forming unclaimed dividends and credit them to the liquidation account. Money belonging to a company under liquidation that the liquidator has invested or deposited at interest, and which forms part of the unclaimed dividends or undistributed assets, shall be realised or withdrawn and paid to the credit of the liquidation account.
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.
Payment of investment and deposits: realise or withdraw funds forming unclaimed dividends and credit them to the liquidation account.
Money belonging to a company under liquidation that the liquidator has invested or deposited at interest, and which forms part of the unclaimed dividends or undistributed assets, shall be realised or withdrawn and paid to the credit of the liquidation account.
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