Section 373 — Power of Court to appoint and remove liquidator in voluntary winding up

(1) If from any cause whatever, there is no liquidator acting, the
Court may appoint a liquidator in accordance with the provisions of section 315
who shall have the same powers, as are exercisable by an official liquidator under
sub-section (1) of section 337.

(2) The Court may, on cause shown, replace a liquidator on the
application of any creditor or contributory or the registrar or a person authorised by
the Commission.

(3) The remuneration to be paid to the liquidator appointed under sub -
section (1) or sub-section (2) shall be fixed by the Court subject to the provisions
of section 364.