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of <h1>Liquidator Granted Independent Powers Under Section 457(1) of Companies Act 1956, Subject to Tribunal Control</h1> The Tribunal may authorize a liquidator to exercise certain powers independently, as outlined in sub-section (1) of section 457 of the Companies Act, 1956, without requiring the Tribunal's direct sanction or intervention. However, the liquidator's exercise of these powers remains under the Tribunal's control.
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