Thanks for the above and sorry about the typo! Chartered Accountant (of course).
!. Under what authority does a Liquidator, appointed by the Directors of the relative company,have the right to:-
(a) Refuse to report to the major creditor (by some $270,000) for the first six months and
(b) Report only the bank balance and "total claimed creditors" when that time is up and
(c) Simply decide to not report any more for another six months?
2. Is there any form of redress, except application to the the High Court, concerning a Liquidator appearing to NOT be acting in a reasonable manner with the major creditor in accordance with the Companies Act 1993?
3. In the case where a "Phoenix Company" has been set up replacing the whole trading operation on the company in liquidation, should the Liquidator be responsible to the Companies Office to get the offending Director disquaified from continuing as a Director or is it OK for him to be able to continue on running the Phoenix Company?
4.Is not a Liquidator resonsible to go back over the books of the Liquidating Company to identify if excess drawings have been taken by the Managing Director over the last five years and claw them back?