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of <h1>Creditor and contributory meetings in winding up: Rule 50 requires liquidator-chaired sessions, with nominee appointed via Form WIN 32</h1> Rule 50 mandates that a meeting of creditors and contributories in winding up proceedings be chaired by the Company Liquidator or by a person nominated by the Company Liquidator, and prescribes that such nomination must be made in Form WIN 32, thereby standardising authority for chairing the meeting and formalising the nomination process through a specified statutory form.
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