Insolvency Act 1986, sections 165(2) and 167(1) (liquidator's powers) (IA 1986 ss.165(2), 167(1))
In both a court and a voluntary winding up (s.165(2) is in the same words) the liquidator may use the Schedule 4 powers, including sale, without sanction. Exercise in a court winding up stays subject to the court's control (s.167(3)).
Dated 17 Oct 2026Source checked 17 Oct 2026Quote found on its page again 21 Oct 2026Basis: primary text
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“Where a company is being wound up by the court, the liquidator may exercise any of the powers specified in Parts 1 to 3 of Schedule 4.”
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