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Appointment of committees in voluntary winding up enables members or creditors to supervise liquidation and assist the liquidator. Where a company is in voluntary winding up and there are no creditors, the company in general meeting may appoint committees to supervise the liquidation and assist the Company Liquidator; where a creditors' meeting is held, the creditors may appoint such committees to supervise the voluntary liquidation and assist the Company Liquidator.
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>Appointment of committees in voluntary winding up enables members or creditors to supervise liquidation and assist the liquidator.</h1> Where a company is in voluntary winding up and there are no creditors, the company in general meeting may appoint committees to supervise the liquidation and assist the Company Liquidator; where a creditors' meeting is held, the creditors may appoint such committees to supervise the voluntary liquidation and assist the Company Liquidator.
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