143 General functions in winding up by the court
143 General functions in winding up by the court

The liquidator's functions

143  General functions in winding up by the court

(1)     The functions of the liquidator of a company which is being wound up by the court are to secure that the assets of the company are got in, realised and distributed to the company's creditors and, if there is a surplus, to the persons entitled to it.

(2)     It is the duty of the liquidator of a company which is being wound up by the court in England and Wales, if he is not the official receiver—

(a)     to furnish the official receiver with such information,

(b)     to produce

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