Section 377, The Companies Act, 2009

(1) The Commission shall take cognisance of the conductofliquidators of companies which are being wound up by the court, and if– (a) a liquidator does not faithfully perform his duties and duly observe all the requirements imposed on him by this Act, rules or otherwise with respect to the performance of his duties; or (b) any complaint is made to the Commission by any creditor or contributory in regard thereto, the Commission shall enquire into the matter, and take such action on it as he may think expedient. (2) The Commission may, at any time require any liquidator of a company which is being wound up by the court to answer any inquiry in relation to any winding up in which he is engaged, and may, if he thinks fit, apply to the court to examine him or any other person on oath concerning the winding up. (3) The Commission may also direct a local investigation to be made of the books and vouchers of the liquidator.