Investments by bank require the liquidator's written request, with securities held and sold only on liquidator's written instructions. Investments by the Bank are made only on the written request of the Liquidator; securities must be retained by the Bank in the name and on behalf of the Liquidator and may be sold only by the Bank under the Liquidator's written instructions, with sale proceeds credited to the Liquidator's 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.
Investments by bank require the liquidator's written request, with securities held and sold only on liquidator's written instructions.
Investments by the Bank are made only on the written request of the Liquidator; securities must be retained by the Bank in the name and on behalf of the Liquidator and may be sold only by the Bank under the Liquidator's written instructions, with sale proceeds credited to the Liquidator's account.
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