Section 165: Expenses of winding up where assets insufficient

165. Expenses of winding up where assets insufficient (1) A liquidator shall not, unless expressly directed to do so by the Official Receiver, be liable to incur any expenses in relation to the winding up of a company unless there are sufficient available assets. (2) The Official Receiver may, on the application of a creditor or a contributory, direct a liquidator to incur a particular expense on condition that the creditor or contributory indemnifies the liquidator in respect of the recovery of the amount expended and, if the Official Receiver so directs, gives such security to secure the amount of the indemnity as the Official Receiver thinks fit.