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Companies and Allied Matters Act 2020 · Part B · Chapter 24

Section 678Enforcement of duty of liquidator to make returns

(1)
If a liquidator makes default in filing, delivering or making any return, account or other document, or in giving any notice which he is by law required to file, deliver, make or give, and fails to make good the default within 14 days after the service on him of a notice requiring him to do so, the Court may, on an application made to the Court by any contributory or creditor of the company or by the Commission, make an order directing the liquidator to make good the default within such time as is specified in the order.
(2)
Any order under this section may provide that the costs of any expenses incidental to the application shall be borne by the liquidator, and nothing in this section shall be taken to prejudice the operation of any enactment imposing penalties on a liquidator in respect of any such default.
Cite as: Companies and Allied Matters Act 2020, section 678

What this section means

From the guide: Who gets paid first in a winding up under CAMA 2020

Sections 654 to 685 set the ranking of claims, the preferential debts and what happens to creditors already enforcing against the company.

Read the whole subject

Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.