338. Duty of liquidator to investigate company’s aff airs

investigate the company’s affairs;

where a declaration has been made and filed under paragraph (b) of subsection (1) of section 302, consider whether or not the company will be able to pay its debts in full within the period specified in the declaration;

subject to subsection (2), consider whether the company may have been a party to a voidable transaction or a transaction at an undervalue, and determine in respect of possible voidable transactions and transactions at an undervalue whether or not it would be in the creditors’

to carry out investigations in relation to them; and

to apply to the court under section 415 and to seek recovery under section 418.