Power to order winding up subject to supervision: provision omitted by amendment; previously allowed courts to supervise voluntary winding up. Section 522 of the Companies Act, 1956 was omitted by amendment. Prior to its omission the provision empowered the court, after a company passed a resolution for voluntary winding up, to order that the voluntary winding up continue subject to the supervision of the court, with liberty for creditors, contributories or others to apply to the court and on such terms and conditions as the court thought just.
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.
Power to order winding up subject to supervision: provision omitted by amendment; previously allowed courts to supervise voluntary winding up.
Section 522 of the Companies Act, 1956 was omitted by amendment. Prior to its omission the provision empowered the court, after a company passed a resolution for voluntary winding up, to order that the voluntary winding up continue subject to the supervision of the court, with liberty for creditors, contributories or others to apply to the court and on such terms and conditions as the court thought just.
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