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Differences between Liquidators and receivers:
There are also significant differences:(a)a liquidator has numerous statutory powers. A receiver must rely on the powers given by the debenture under which he is appointed (or by the court);(b)a receiver is personally liable on the contracts which he makes for the company. A liquidator has no such liability. But either, if he fails to perform his duties properly, may be called to account in various ways.
(a) Section 63 of the Employment Relations Act provides as follows: "The parties to a labour dispute may jointly refer such dispute for voluntary arbitration to the Tribunal or
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how many articles are in the Uniform Commercial Code
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