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Section 114: Liquidator’s report

Insolvency Act · PART III: WINDING UP AND ALTERNATIVES

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

114. Liquidator’s report The liquidator shall, as soon as practicable after receipt of the statement of affairs, submit a preliminary report to the Court— (a) as to the amount of capital issued, subscribed and paid up and the estimated amount of assets and liabilities; (b) where the company is unable to pay its debts, as to the likely causes of the inability; and (c) whether in his opinion further inquiry is desirable as to any matter relating to the promotion, formation or inability to pay debts of the company or the conduct of its business.

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