Functions, Duties And Powers Of Liquidator

Effects Of Order Relating To Liquidation

Records Of Assets And Liabilities

Power Of Liquidator To Accept Or Reject Claims

Meeting Of Creditors

Advance Payment May Be Made To Depositors Immediately

Power To Sell Assets

Notice Of Settlement Of Claims

No Claim To Be Entertained

Application May Be Filed Before The Court For Mandatory Liquidation Of Banks Or Financial Institutions

Circumstances Leading To Mandatory Liquidation Of Bank Or Financial Institutions

Transaction To Be Suspended

Appointment Of Liquidator

Power To Terminate Transactions

Notice To Submit Claims

Classification Of Claims

Liquidation Plan

Order Of Priority For Payment

Unclaimed Goods Or Amount

Decision Of Liquidation

Mandatory Liquidation Of Bank Or Financial Institution Carrying On Transactions In More Than One Country