Section 418, The Companies Act, 2009

(1) The creditors and the company at their respectivemeetings may nominate a person to be liquidator for the purpose of winding up the affairs and distributing the assets of the company, and if– (a) the creditors and the company nominate different persons , the person nominated by the creditors shall be liquidator; (b) no person is nominated by the creditors the person, if any, nominated by the company shall be liquidator. (2) Where different persons are nominated, any director, member or creditor of the company may, within 7 days after the date on which the nomination was made by the creditors, apply to the court for an order either directing that the person nominated as liquidator by the company shall be liquidator instead of or jointly with the person nominated by the creditors, or appointing some other person to be liquidator instead of the person appointed by the creditors.