Principle

COMPANY LAW — Winding-Up — Appointment of Provisional Liquidator — Proper Procedure Under Companies Winding-Up Rules

Area of law
COMPANY LAW
Court
Supreme Court

Rule 21 of the Companies Winding-up Rules establishes mandatory procedural requirements for appointing a provisional liquidator: (1) affidavit proof showing sufficient grounds, and (2) disclosure of the proposed liquidator's experience and details of property previously handled. A vague appointment order without compliance with these requirements…

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