The question (15 marks)
When may an order of liquidation be made, and what are the powers and duties of the liquidator? (15 marks)
MU Module II, head 2.3.
Plan your answer on paper before you look at the authorities — issue first, then the rule, then apply it to these facts.
It tests Unit 2 · Corporate Insolvency and Liquidation of Bankruptcy Laws.
Authorities you will need
- Section 33 of the Code
- Sections 34, 35 and 36 of the Code
- Sections 38 to 42 of the Code, on claims
- Sections 52, 53 and 54 of the Code
How an answer is marked
A full-marks answer names the issue in one line, states the rule with its section, cites the authority, applies it to these facts and concludes — in that order. The app's model answer for this question is written in exactly that shape, with a checklist to mark your own attempt against.