Section 519
Expenses of winding up where assets insufficient
ActIn forceProvision 519 of 768
Section 519
(2)
On the application of a creditor or a contributory, the Court may direct a liquidator to incur a particular expense on the condition that the creditor or contributory indemnifies the liquidator in respect of the recovery of the amount expended and if the Court so directs, gives such security to secure the amount of the indemnity as the Court thinks reasonable.