Security by liquidator appointed by Court.

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..... Unless otherwise ordered, every liquidator appointed by the Court in a voluntary winding-up, other than the Official Liquidator, shall, before entering upon his duties as liquidator, furnish securit .....

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..... e to the Court that the security furnished by the liquidator is inadequate, the Court may require the liquidator to furnish additional security. Where the security furnished is excessive, the liquidat .....

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