Central Government oversight of official liquidators enables inquiries, sworn examination, and local investigations into winding-up conduct. The Central Government monitors whether an official liquidator faithfully performs duties under the Act and these Rules and may inquire or act on complaints by creditors or partners. It may apply to the Tribunal to examine the liquidator or any person on oath concerning winding up and may direct local investigations of the liquidator's books and vouchers to investigate conduct and documentary records.
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.
Central Government oversight of official liquidators enables inquiries, sworn examination, and local investigations into winding-up conduct.
The Central Government monitors whether an official liquidator faithfully performs duties under the Act and these Rules and may inquire or act on complaints by creditors or partners. It may apply to the Tribunal to examine the liquidator or any person on oath concerning winding up and may direct local investigations of the liquidator's books and vouchers to investigate conduct and documentary records.
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