Winding up powers: Tribunal may dismiss or order winding up, appoint provisional liquidator, or grant interim relief.

The Tribunal may dismiss a winding up petition, make interim orders, appoint a provisional liquidator until a winding up order is made, order winding up, or make any other order; appointment of a provisional liquidator normally requires notice and an opportunity to be heard unless dispensed with for recorded special reasons. The Tribunal may refuse a just and equitable winding up where reasonable alternative remedies exist and petitioners act unreasonably in seeking winding up instead of those remedies.

---

---

---