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Interim liquidator will start stripping asset to pay creditors,if there is any actual asset left. Remember stock investor is the last in the Q. This odd is worse than casino odd..still want to all in?
The Court may appoint an interim liquidator if it is satisfied that it is “necessary or expedient for the purpose of maintaining the value of assets owned or managed by the company”. The Court impose some restrictions on the interim liquidator, such as not being able to make distributions, until the full liquidation order is made at the hearing date.
