Singapore legislation

Section 135

of Insolvency, Restructuring and Dissolution Act 2018

Section 135

Nomination and consent of liquidator

(1)

Subject to subsections (3) and (4), when making a winding up application, the applicant must nominate in writing a licensed insolvency practitioner to be appointed liquidator.

(2)

Before the hearing of the winding up application, the applicant or the applicant’s solicitor must obtain and file the written consent of the licensed insolvency practitioner to being nominated.

(3)

The applicant may nominate the Official Receiver to be appointed as liquidator if —

(a)

the applicant has taken reasonable steps, but is unable, to obtain the consent of a licensed insolvency practitioner to be appointed as liquidator; and

(b)

the Official Receiver consents to being nominated to be appointed as liquidator.

(4)

Where the winding up application is made under section 125(1)(n) on the ground that the company is being used for purposes against national security or interest, the applicant must nominate the Official Receiver to be liquidator.

Section 135 — Insolvency, Restructuring and Dissolution Act 2018