COLLECTION AND DISTRIBUTION
OF ASSETS IN A WINDING UP
BY THE COURT
Collection and distribution of company’s assets by liquidator
63.—(1)  The duties imposed on the Court by section 280(1) of the Act in a winding up by the Court with regard to the collection of the assets of the company and the application of the assets in discharge of the company’s liabilities, shall be discharged by the liquidator subject to the control of the Court.
(2)  For the purpose of the discharge by the liquidator of the duties imposed by section 280(1) of the Act and paragraph (1), the liquidator in a winding up by the Court shall for the purpose of acquiring or retaining possession of the property of the company, be in the same position as if he were a receiver of the property appointed by the Court, and the Court may, on his application, enforce such acquisition or retention accordingly.
Power of liquidator to require delivery of property
64.—(1)  The powers conferred on the Court by section 313(5) of the Act shall be exercised by the liquidator.
(2)  Any contributory for the time being on the list of contributories, and any trustee, receiver, banker, agent or officer of a company which is being wound up shall on notice from the liquidator in Form 32 set out in the First Schedule within such time as he shall by notice in writing require, pay, deliver, convey, surrender or transfer to or into the hands of the liquidator any money or property or books and papers which are in his hands and to which the company is prima facie entitled, and the Court may on the application of the liquidator order the payment, delivery, conveyance, surrender or transfer.