- Under section 183(1), a receiver is liable for certain debts incurred by him in the course of his receivership and if a company is leasing a property and it then goes into receivership, the receiver might be personally liable for the rent if he continues to occupy and or use the property.
- In the event the receiver is found to be guilty of any misfeasance, breach of trust or duty, by virtue of section 192(2), he may be ordered by court to compensate the company.
This blog is created solely for the purpose of company law final examination revision for the author. Author of this blog assume no responsibility to any other person except the author himself. No liability shall arise against the author as to the discrepancy of information and inappropriate application of both the statutory and common law provision.All the sections quoted are with reference to Companies Act 1965 unless stated otherwise.
Monday, September 13, 2010
Discuss the liabilities of receiver under CA1965
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment