10-mark question · Part C · Company Law
The members of a company appointed 'A' to be the liquidator in a creditors' voluntary winding up. At the meeting of the creditors, it was proposed that 'B' be appointed liquidator. Seven creditors representing Rs. 90,000 of the debts voted for the appointment of 'B' and ten creditors representing Rs. 60,000 of the debts voted against his appointment. Who should be duly appointed as liquidator? Why?
Frequency
1×
papers in the bank
Marks
10
common OU pattern
Years
2015
Appeared in
- Company Law · December 2015 Mapped paper Download
Mapped topics
- Appointment, duties and independent directors — Unit IV
- Company, partnership, HUF and LLP distinguished — Unit I
- Winding up and Insolvency and Bankruptcy Code — Unit V
Mapped case laws
Not mapped to a case yet.