Power to order costs allows the tribunal to direct payment from company assets and fix priority among competing claims. The Tribunal may direct that the costs, charges and expenses incurred in the winding up be paid out of the company's assets where those assets are ... Summary
Power to order costs allows the tribunal to direct payment from company assets and fix priority among competing claims.
The Tribunal may direct that the costs, charges and expenses incurred in the winding up be paid out of the company's assets where those assets are insufficient to satisfy liabilities, and may determine the order of priority inter se for such payments in such manner as it considers just and proper.
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