Monday, September 13, 2010

Discuss the liabilities of receiver under CA1965

  1. 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.
  2. 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.

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