Liability in case of company in liquidation

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....p, whether under the orders of a court or otherwise; or            (b) who has been appointed the receiver of any assets of a company (hereinafter referred to as the "liquidator"); shall, within one month after he has become such liquidator, give notice of his appointment as such to the Commissioner.       (2)....

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....t part with any of the assets of the company or the properties in his hand:      Provided that nothing contained in this sub-section shall debar the liquidator from parting with such assets or properties in compliance with any order of a court or for the purpose of the payment of the tax and penalty, if any, payable by the company under this Act or for making any payment to ....

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....alty, if any, payable by the company is notified under sub-section (2) of this section the personal liability of the liquidator under this sub-section shall be to the extent of such amount.       (5)  Where there is more than one liquidator, the obligations and liabilities attached to a liquidator under this section shall attach to all the liquidators jointly and s....