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          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.

          <h1>Liquidator powers subject to sanction: compromise and payment of creditor claims under controlled conditions.</h1> 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.

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