Skip to content
In force2022 Revised Edition
Contents

Chapter VI

127. Payment into bank of money due to company

(1)

The Court may order any contributory, purchaser or other person from whom money is due to the company to pay the amount due into such bank as the Court may direct and to the account of the liquidator instead of to the liquidator, and such an order may be enforced in the same manner as if it had directed payment to the liquidator.

(2)

All moneys and securities paid or delivered in the event of a winding up by the Court are subject in all respects to the orders of the Court.

Report