Seizure powers allow written requests to magistrates to take custody of a company's property and documents. The Tribunal or an operating agency may, by written request to the local magistrate, require possession of a sick company's property, books of account, documents and actionable claims and have them entrusted to the Tribunal or operating agency; the magistrate may use necessary steps and force to secure compliance, and acts done under this power are not subject to question in any court or authority.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Seizure powers allow written requests to magistrates to take custody of a company's property and documents.
The Tribunal or an operating agency may, by written request to the local magistrate, require possession of a sick company's property, books of account, documents and actionable claims and have them entrusted to the Tribunal or operating agency; the magistrate may use necessary steps and force to secure compliance, and acts done under this power are not subject to question in any court or authority.
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