In the case of a voluntary liquidation of a business the receivers is appointed by the by the
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Correct Answer: Option A
Explanation:
In a creditors' voluntary liquidation, the creditors play an important role in the appointment of the liquidator or receiver because the company is unable to meet its obligations. The creditors therefore have the authority to participate in determining who will handle the liquidation process.
In a creditors' voluntary liquidation, the creditors play an important role in the appointment of the liquidator or receiver because the company is unable to meet its obligations. The creditors therefore have the authority to participate in determining who will handle the liquidation process.