PAYMENT OF UNCLAIMED DIVIDENDS OR UNDISTRIBUTED ASSETS INTO THE COMPANY LIQUIDATION DIVIDEND AND UNDISTRIBUTED ASSETS ACCOUNT IN A WINDING UP (From Rule 179 to Rule 182)
Employment of additional staff requires tribunal sanction to approve salaries and allowances in liquidation proceedings. When the Official Liquidator deems additional or special staff necessary in a liquidation, he must apply to the Tribunal for sanction; the Tribunal may then approve such staff and determine their salaries and allowances.
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.
Employment of additional staff requires tribunal sanction to approve salaries and allowances in liquidation proceedings.
When the Official Liquidator deems additional or special staff necessary in a liquidation, he must apply to the Tribunal for sanction; the Tribunal may then approve such staff and determine their salaries and allowances.
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