Question

What are the duties of liquidator of a company?
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Answer 1

Explanation:

Powers and Duties of Liquidators

to verify claims of all the creditors and consolidate them;

to take into his custody or control all the assets, property, effects and actionable claims of the corporate debtor;

to evaluate the assets and property of the corporate debtor in the manner and prepare a report;

Answer 2

Answer:

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Explanation:

The liquidator is an insolvency professional on whom all the powers of the Board of Directors, key managerial personnel and the partners, as applicable, of the Corporate Debtor are vested by the Adjudicating Authority upon Liquidation order being passed under section 33 of the Insolvency and Bankruptcy Code, 2016.