The Court has long had the power to remove liquidators in both voluntary liquidations (pursuant to section 252 of the Companies Ordinance) and compulsory liquidations pursuant to section 196(1), although the power has been used very rarely. However, in recent years, the issue has come before the Court on a number of occasions, with interesting [...]

Three recent cases highlight the robust approach which the Court is likely to adopt when faced with applications for the removal of liquidators.
In the first case, the Official Receiver made an application to Court for the removal of a provisional liquidator appointed by him in 28 cases under the Panel T Scheme. In respect of [...]