A. directors
B. creditors
C. promoters
D. court
Correct Answer:
Option A – directors
Explanation
What is a Liquidator? A liquidator or an official receiver manages the entire liquidation process. He or she is appointed when a company goes into liquidation or is wound up by the Court in a compulsory liquidation process, which is brought about by a disgruntled creditor. In a voluntary liquidation, the board of directors appoints a liquidator
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