Section 441 of Insolvency Act CAP 53: Appointment of liquidator by the Court following administration or voluntary arrangement

    

(1) If a liquidation order is made immediately on the appointment of an administrator ceasing to have effect, the Court may appoint as liquidator of the company the person whose appointment as administrator has ceased to have effect.
(2) If a liquidation order is made at a time when there is a supervisor of a voluntary arrangement approved in relation to the company under Part IX, the Court may appoint as liquidator of the company the person who is the supervisor at the time when the liquidation order is made.
(3) If the Court makes an appointment under this section, the Official Receiver—
(a) does not become the liquidator as provided by section 437(2); and
(b) has no duty under section 437(5)(a) or (b) to convene meetings of creditors or contributories.


Disclaimer: This document is not to be taken as legal advise.

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