Powers and duties of liquidator in voluntary winding up.

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..... nding up, with the sanction of the 1[Tribunal] or, the committee of inspection or, if there is no such committee, of a meeting of the creditors, exercise any of the powers given by [1] [clauses (a) to (d) of sub-section (1)] of section 457 to a liquidator in a winding up by the [2] [Tribunal]; (b) without the sanction referred to in clause (a), exercise any of the other powers given b .....

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..... of any of the powers conferred by this section. (3) The liquidator shall pay the debts of the company and shall adjust the rights of the contributories among themselves. (4) When several liquidators are appointed, any power given by this Act may be exercised by such one or more of them as may be determined at the time of their appointment, or, in default of such determination, by any number of .....

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