| Commentary

227 Appointment and removal of liquidator

| Commentary

227 Appointment and removal of liquidator

If from any cause whatever there is no liquidator acting, the court may appoint one, and, on cause shown, the court may remove a liquidator and appoint another in his place1. It is not always necessary to show personal unfitness of the liquidator; the test is whether removal of the liquidator would be for the overall benefit of the creditors2.

The liquidator may only be removed from office by an order of the court or, in a members’ voluntary winding up, by a general meeting of the company summoned specially for that purpose, or, in

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