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of <h1>Section 443: Tribunal's Powers in Winding-Up Petitions Include Dismissal, Adjournment, Interim Orders, and Compliance Directions.</h1> Section 443 of the Companies Act, 1956, outlines the powers of the Tribunal when hearing a winding-up petition. The Tribunal may dismiss the petition, adjourn the hearing, issue interim orders, or order the company to be wound up. The Tribunal cannot refuse a winding-up order solely because the company's assets are mortgaged or absent. If the petition is based on equitable grounds, the Tribunal may deny the order if an alternative remedy exists. For petitions based on statutory defaults, the Tribunal may direct compliance instead of winding up and assign costs to responsible parties.
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