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Company administrator powers to inventory assets and prepare valuations and creditor lists to support corporate revival processes. The company administrator, subject to Tribunal directions, is authorized to prepare a complete inventory of assets, liabilities, books and documents; separate lists of shareholders and secured and unsecured creditors; valuation reports and estimates for reserve prices, lease rents or share exchange ratios; proforma accounts if audited accounts are unavailable; and a list of workmen and their dues to support revival and rehabilitation decision making.
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.
<h1>Company administrator powers to inventory assets and prepare valuations and creditor lists to support corporate revival processes.</h1> The company administrator, subject to Tribunal directions, is authorized to prepare a complete inventory of assets, liabilities, books and documents; separate lists of shareholders and secured and unsecured creditors; valuation reports and estimates for reserve prices, lease rents or share exchange ratios; proforma accounts if audited accounts are unavailable; and a list of workmen and their dues to support revival and rehabilitation decision making.
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