Who is official receiver and when his appointment taking place?whether he has the power to keep the personal use assets in his custody?

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Mehboob Ali Laghari
10-August-2015

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Question added by jamilur Rehman , Operation Manager , Sky Gulf Travel And Tourism
Date Posted: 2014/05/19

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by Yaseen Khan , Associate Advocate , Syed Masood Ahmed, Advocate & Notary

A receiver is usually appointed by the Court and when a certain company is under liquidation. No a Receiver cannot keep the assets of the company for his personal use except to pay the debtor of the company.

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Who is official receiver and when his appointment taking place?whether he has the power to keep the personal use assets in his custody?

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