Section 37: Liquidation of company on issuance of order for liquidation

1) Where the Court makes an order to liquidate a company pursuant to this Act, the Court shall make an order to appoint one person as the liquidator from amongst the persons who are entitled to carry on insolvency business at the time of making of such order.

2) Following the making of an order pursuant to sub-section (1), the liquidator proceedings of the company shall be deemed to have commenced.