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of <h1>Tribunal's Power Under Section 392: Oversee Company Compromises, Modify Arrangements, or Order Winding Up if Needed.</h1> Section 392 of the Companies Act, 1956, grants the Tribunal authority to oversee and enforce compromises or arrangements sanctioned under Section 391. The Tribunal can supervise the implementation of such compromises, make necessary modifications, and issue directions for effective operation. If the Tribunal determines that the compromise cannot be satisfactorily executed, it may order the winding up of the company. This section also applies to companies with pre-existing orders before the Companies (Second Amendment) Act, 2002. The provision was previously under the jurisdiction of the High Court before being amended.
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