148 Settlement of list of contributories and application of assets
148 Settlement of list of contributories and application of assets

(1)     As soon as may be after making a winding-up order, the court shall settle a list of contributories, with power to rectify the register of members in all cases where rectification is required . . ., and shall cause the company's assets to be collected, and applied in discharge of its liabilities.

(2)     If it appears to the court that it will not be necessary to make calls on or adjust the rights of contributories, the court may dispense with the settlement of a list of contributories.