Question-: What are the duties of a Receiver?
Answer: Every receiver so appointed shall:
a) Furnish such securities (if any) as the Court thinks fit, duly to account for what he shall receive in respect of the property;
b) Submit his accounts at such periods and in such form as the Court direct;
c) Pay the amounts due from him as the Court direct; and
d) Be responsible for any loss occasioned to the property by his wilful default or gross negligence.
This FAQ is prepared by Sadia Saman Advocate