In force2020 Revised Edition

Contents

Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 8 · Winding Up

193. Liquidator to make good defaults

(1)

If any liquidator, who defaults in lodging or making any application, return, account or other document, or in giving any notice, that the liquidator is by law required to lodge, make or give, fails to make good the default within 14 days after the service on the liquidator of a notice requiring the liquidator to do so, the Court may, on the application of any creditor or contributory of the company or the Official Receiver, make an order directing the liquidator to make good the default within such time as is specified in the order.

(2)

Any order made under subsection (1) may provide that all costs of and incidental to the application must be borne by the liquidator.

(3)

Nothing in subsection (1) prejudices the operation of any written law imposing penalties on a liquidator in respect of any default mentioned in that subsection.