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)
Liquidator's investigatory summons: failure to attend or produce documents can lead to regulatory orders to compel compliance. Company Liquidator may summon any person for information about debts to be proved in liquidation and require production of documents in that person's custody or power, tendering a sum to defray attendance expenses. If the person fails without lawful excuse to attend, produce documents, or evades service, the Liquidator may report the noncompliance to the Tribunal and apply for orders, and the Tribunal may pass any order it thinks fit.
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's investigatory summons: failure to attend or produce documents can lead to regulatory orders to compel compliance.
Company Liquidator may summon any person for information about debts to be proved in liquidation and require production of documents in that person's custody or power, tendering a sum to defray attendance expenses. If the person fails without lawful excuse to attend, produce documents, or evades service, the Liquidator may report the noncompliance to the Tribunal and apply for orders, and the Tribunal may pass any order it thinks fit.
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