Singapore legislation
Regulation 127
of Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020
Regulation 127
Power of liquidator to require delivery of property
Subregulation 1
The powers conferred on the Court by section 188(5) of the Act in respect of the paying, delivery, conveyance, surrender or transfer of money, property, books or papers are to be exercised by the liquidator subject to the control of the Court.
Subregulation 2
Any of the persons mentioned in paragraph (3) must, upon a notice in writing in Form CIR-47 by the liquidator of a company and within the time required in the notice, pay, deliver, convey, surrender or transfer to or into the hands of the liquidator any money, property, books or papers which are in the person’s hands and to which the company is prima facie entitled.
Subregulation 3
For the purposes of paragraph (2), the persons are the following:
a contributory for the time being on the list of contributories in relation to the company being wound up;
any trustee, receiver, banker, agent or officer of the company being wound up.
Subregulation 4
The Court may, on the application of the liquidator, order the payment, delivery, conveyance, surrender or transfer of any money, property, books or papers which are in the person’s hands and to which the company is prima facie entitled.