20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Liquidation committee

This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
January 5, 2018 at 8:37 am #427307
humai
Participant
- Topics: 757
- Replies: 248
A liquidation committee is involved in which of the following insolvency procedures?
A Members’ voluntary liquidation
B Creditors’ voluntary liquidation
C Compulsory liquidation
D Administration
Sir , liquidation committee is involved in both Creditors’ voluntary liquidation
and Compulsory liquidation na?
January 5, 2018 at 9:00 am #427315
MikeLittle
Keymaster
- Topics: 27
- Replies: 23327
From the internet:
“When a company is wound-up, whether via compulsory liquidation or a Creditors’ Voluntary Liquidation (CVL), a committee is sometimes formed to monitor the liquidator’s activities and look after the interests of creditors as a whole.”
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘Liquidation committee’ is closed to new replies.