The power of a liquidator in voluntary liquidation proceedings, to apply to the court to be allowed to exercise powers normally reserved to a liquidator appointed by the court, extended beyond matters such as litigation to protect assets and ensure pari passu distribution among creditors. The power could also be used to allow an application to stay proceedings.
Citations:
Times 07-Jul-1999
Statutes:
Jurisdiction:
England and Wales
Insolvency
Updated: 18 July 2022; Ref: scu.81847