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liquidation

Ranjit Kumar (27 Points)

25 March 2018

what is meaning of company liquidator and official liquidator ?

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Sana Sultana Mussu (Student) (5119 Points)
Replied 25 March 2018

liquidator is the officer appointed when a company goes into winding-up or liquidation who has responsibility for collecting in all of the assets under such circumstances of the company and settling all claims against the company before putting the company into dissolution.

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Ranjit Kumar (27 Points)
Replied 25 March 2018

is there any distinction between both

Mohit Bhardwaj (12 Points)
Replied 25 March 2018

With every NCLT, office of one liquidator is attached. such a liquidator is known as official liquidator.

NCLT has option to appoint either official liquidator or any other liquidator.
Any liquidator appointed by NCLT for any company is known as company liquidator.

so company liquidator may be official liquidator or other liquidator.

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