Company Liquidator report requires detailed disclosure of assets, liabilities, contributories and fraud opinion to the tribunal. Report of the Company Liquidator under section 281(1) requires a comprehensive account to the Tribunal of nominal and issued capital, unpaid calls, and estimated asset values including cash, bank balances, negotiable securities, debts receivable, movables, immovables and intellectual property, with identification of assets specifically pledged and particulars of securities. The report must classify liabilities (fully secured, partly secured, preferential, debenture holders, unsecured), provide contributory lists and amounts, and disclose contracts, group relationships, litigation, causes of failure and the liquidator's opinion on any fraud in promotion or formation.
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 report requires detailed disclosure of assets, liabilities, contributories and fraud opinion to the tribunal.
Report of the Company Liquidator under section 281(1) requires a comprehensive account to the Tribunal of nominal and issued capital, unpaid calls, and estimated asset values including cash, bank balances, negotiable securities, debts receivable, movables, immovables and intellectual property, with identification of assets specifically pledged and particulars of securities. The report must classify liabilities (fully secured, partly secured, preferential, debenture holders, unsecured), provide contributory lists and amounts, and disclose contracts, group relationships, litigation, causes of failure and the liquidator's opinion on any fraud in promotion or formation.
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