Recovery in the case of a company in liquidation

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....essing Officer shall, within three months from the date on which he receives the information, intimate to the liquidator the amount which, in his opinion, would be sufficient to provide for any tax arrears or any amount which is likely to become payable thereafter, by the company under this Code or under any law repealed by this Code. (3) The liquidator- (a) shall not part with any of the asse....

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.... amount payable by the company, if he- (a) fails to inform in accordance with sub-section (1); or (b) fails to set aside the amount as required by sub-section (3). (6) The obligations and liabilities attached to the liquidator under this section shall attach to all the liquidators jointly and severally in a case where there are more than one liquidator. (7) The provisions of this section ....