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[Cites 0, Cited by 0] [Section 432] [Entire Act]

Union of India - Subsection

Section 432(a) in The Companies Act, 1956

(a)the liquidator of the body corporate shall represent it for all thepurposes of the winding up of the company and shall be a contributoryaccordingly, and may be called on to admit to proof against the assets of the body corporate, or otherwise to allow to be paid out of its assets in duecourse of law, any money due from the body corporate in respect of itsliability to contribute to the assets of the company ; and