Principle

COMPANY LAW — Winding-Up — Appointment of Provisional Liquidator — Distinction Between When to Appoint and Purpose of Appointment

Area of law
COMPANY LAW
Court
Supreme Court

The appointment of a provisional liquidator requires justification based on facts showing necessity, not automatic upon filing a winding-up petition. "When" refers to the factual circumstances showing need for interim preservation; "why" refers to the purpose of asset preservation pending final determination. This serves preventing…

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