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Provisional Liquidator Appointed to Protect Assets of Financially Distressed Company from Risk of Transfer or Alienation.

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Full Text of the Document

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....Financial ill-health of the company - there is danger of the properties of the respondent-company being transferred/alienated. It would thus be expedient to appoint a provisional liquidator to protect the assets of the company which appear to be in a jeopardy - HC....

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