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.