454

Reloase
haidaters,

Ch. 31. No. 1.| Compante,

Court to answer any inquiry in relation to any winding up
in Which he is engaged, and may, if the Official Receiver
thinks fit, apply to the Court to examine him or any other
person on oath concerning the winding up.

(3) The Official Receiver may also direct an investi-
gatien to be made of the books and vouchers of the
liquidater,

188. (1) When the liquidator of a company which is being
wound up by the Court has realised all the property of the
company er so much thereof as can, in his opinion, be
realised without needlessly protracting the liquidation, and
has distributed a final dividend, if any, to the creditors, and
adjusted the rights of the contributories among themselves,
and made a final return, if any, to the contributories, oar
has resigned, or has been removed from his office, the
Official Receiver shall, on Ins application, cause a report of
his accounts to be prepared, and, on his complying with all
the requirements of the Official Receiver, shall take into
consideration the report, and any objection which may be
urged by any creditor or contributory, or person interested
against the release of the liquidator, and shall either grant
or withheld the release accordingly, subject nevertheless
to an appeal to the Court.

(2) Where the release of a bquidator is withheld, the
Court may on the application of any creditor or contri-
butory, or person interested, make such order as it thinks
just, charging the liquidator with the consequences of any
act er default which he may have done or made contrary
to his duty

(3) An order of the Official Receiver releasing the
liquidator shall discharge him from all ability in respect of
anv act done or default made by him in the administration
of the affairs of the company, or otherwise in relation to his
conduct as liquidator, but any such order may be revoked
on preot that it was obtained by fraud or by suppression or
concealment of anv material fact.

(4) Where the liquidator has not previously resigned
or been removed, his release shall operate as a removal of
him from his office.