187. Appointment of liquidator

(1) The creditors and the Company at their respective meetings mentioned in Section 186 (Meetings of members and creditors) may nominate a person to be liquidator.
(2) The liquidator shall be the person nominated by the creditors or, where no person has been so nominated, the person (if any) nominated by the Company.
(3) The creditors' voluntary winding-up is deemed to commence at the time specified in Section 193 (Commencement of winding-up).