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of <h1>Company Liquidator Must Collect and Apply Assets to Settle Liabilities per Section 290, Under Tribunal Supervision</h1> The Company Liquidator is responsible for collecting the assets of a company and applying those assets to settle the company's liabilities during a winding-up process overseen by a tribunal. These duties are mandated by sub-section (1) of section 290 and must be performed under the tribunal's supervision as outlined in the Companies (Winding Up) Rules, 2020.
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