Section 384 — Power to replace liquidator
Statute text
Where an order is made for winding
up subject to supervision, the Court may on an application by any creditor or
contributory or the registrar or a person authorised by the Commission in this
behalf, replace the liquidator who shall have the same powers, be subject to the
same obligations and in all respects stand in the same position as if he had been
appointed by the company.