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CPC - ORDER XL - Rule 3. Duties
Every receiver so appointed shall
(a) furnish such security (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 directs;
(c) pay the amount due from him as the Court directs; and
(d) be responsible for any loss occasioned to the property by his wilful default or gross negligence.
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