Liquidator powers subject to sanction: compromise and payment of creditor claims under controlled conditions. The liquidator may, with the sanction of the Tribunal in a Tribunal-ordered winding up or with the sanction of a special resolution in a voluntary winding up, pay classes of creditors in full; make compromises or arrangements with creditors or claimants (including present, future, certain, contingent, or damages-only claims); and compromise calls, debts, liabilities and claims between the company and contributories or other persons, take security and give complete discharge on agreed terms, subject to Tribunal control and rule-based limitations.