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)
Company liquidator may act in the position of a receiver to acquire and retain company property, enforceable by tribunal. A company liquidator is placed in the position of a receiver for acquiring and retaining the company's property, and may apply to the tribunal to enforce such acquisition or retention to secure assets during winding up.
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.
Company liquidator may act in the position of a receiver to acquire and retain company property, enforceable by tribunal.
A company liquidator is placed in the position of a receiver for acquiring and retaining the company's property, and may apply to the tribunal to enforce such acquisition or retention to secure assets during winding up.
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