Powers of liquidator.
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....r the whole thereof to any person or body corporate, or to sell the same in parcels; ^ [1][(ca) to sell whole of the undertaking of the company as a going concern;] (d) to raise on the security of the assets of the company any money requisite; (e) to do all such other things as may be necessary for winding up the affairs of the company and distributing its assets. (2) The liquidator in a winding up by the ^[2][Tribunal] shall have power^___ (i) to do all acts and to execute, in the name and on behalf of the company, all deeds, receipts, and other documents, and for that purpose to use, when necessar....
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....Administrator-General. (v) to appoint an agent to do any business which the liquidator is unable to do himself. ^[4][(2A) The liquidator shall^____ (a) appoint security guards to protect the property of the company taken into his custody and to make out an inventory of the assets in consultation with secured creditors after giving them notice; (b) appoint, as the case may be, valuer, chartered surveyors or chartered accountant to assess the value of the company's assets within fifteen days after taking into custody of property, assets referred to in sub-clause (a) and effects or actionable claims subject to such terms and con....
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.... in clause (c) of sub-section (2A), deposit, his offer in the manner as may be prescribed, with liquidator or provisional liquidator, as the case may be, within forty-five days from the date of the advertisement and the liquidator or provisional liquidator shall permit inspection of property and assets in respect of which bids were invited: Provided that such bid may be withdrawn within three days before the last day of closing of the bid: Provided further that the inspection of property shall be open for not more than five days before closing of the bid. (2F) The advertisement inviting bids shall contain the following details, namely:^___ &nbs....
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