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)
Representation of creditors allows the Tribunal to appoint and remove class representatives and to nominate authorised representatives. The Tribunal may appoint one or more creditors or contributories to represent a class in proceedings at the company's expense; appointed persons must employ the same authorised representative, and if they fail to agree the Tribunal may nominate the authorised representative and may remove any person so appointed.
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.
Representation of creditors allows the Tribunal to appoint and remove class representatives and to nominate authorised representatives.
The Tribunal may appoint one or more creditors or contributories to represent a class in proceedings at the company's expense; appointed persons must employ the same authorised representative, and if they fail to agree the Tribunal may nominate the authorised representative and may remove any person so appointed.
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