Repealed or not in force · As amended up to 2026-08
194. Power to Court to appoint additional liquidator in winding-up subject to supervision.
195. Effect of order of Court for winding-up subject to supervision.
194. Where any order is made by the Court for a winding-up subject to the supervision of the Court, the Court may, in such order or in any subsequent order, appoint any additional liquidator.
Any liquidator so appointed by the Court shall have the same powers, be subject to the same obligations and in all respects stand in the same position, as if he had been appointed by the Company.
The Court may, from time to time, remove any liquidator so appointed by the Court, and fill up any vacancy occasioned by such removal, or by death or resignation.
Source: India Code