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 liquidation examinations limit participation to the liquidator, with tribunal discretion to allow creditors and representatives. The Company Liquidator ordinarily conducts examinations, though the Tribunal may entrust conduct to a contributory or creditor; the liquidator may still attend, take notes for personal use, and ask questions with leave. Participation is generally limited to the liquidator and authorised representatives, with the examined person permitted assistance and re-examination. The Tribunal may allow creditors or contributories to attend under conditions. Witness notes are permitted only with an undertaking limiting their use to re-examination and must be surrendered to the Tribunal for destruction unless directed otherwise.
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 liquidation examinations limit participation to the liquidator, with tribunal discretion to allow creditors and representatives.
The Company Liquidator ordinarily conducts examinations, though the Tribunal may entrust conduct to a contributory or creditor; the liquidator may still attend, take notes for personal use, and ask questions with leave. Participation is generally limited to the liquidator and authorised representatives, with the examined person permitted assistance and re-examination. The Tribunal may allow creditors or contributories to attend under conditions. Witness notes are permitted only with an undertaking limiting their use to re-examination and must be surrendered to the Tribunal for destruction unless directed otherwise.
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