Liquidator record-keeping duties require updated books, prescribed registers, and preserved receipts throughout liquidation. The liquidator must complete incomplete books of account existing at liquidation commencement and maintain specified registers and books for the liquidation, including records of cash, assets, debts, claims, dividends, distributions, fees, documents, and unclaimed dividends or undistributed proceeds. These records may be kept in the prescribed forms with suitable modifications, and the liquidator must preserve receipts for all payments made and expenses incurred.
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.
Liquidator record-keeping duties require updated books, prescribed registers, and preserved receipts throughout liquidation.
The liquidator must complete incomplete books of account existing at liquidation commencement and maintain specified registers and books for the liquidation, including records of cash, assets, debts, claims, dividends, distributions, fees, documents, and unclaimed dividends or undistributed proceeds. These records may be kept in the prescribed forms with suitable modifications, and the liquidator must preserve receipts for all payments made and expenses incurred.
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