Tribunal powers in winding up: set or revise time limits, order sales, investigate fraud, and protect company assets. The Tribunal shall, on consideration of the Company Liquidator's report, fix and, if necessary, revise a time limit for completing winding up and dissolution; order sale of the company or its assets as a going concern and appoint a sale committee to assist the Liquidator; require investigation where fraud is reported and, on that report, give directions or direct filing of a criminal complaint; and order measures to protect, preserve or enhance asset value or other directions as fit.
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Provisions expressly mentioned in the judgment/order text.
Tribunal powers in winding up: set or revise time limits, order sales, investigate fraud, and protect company assets.
The Tribunal shall, on consideration of the Company Liquidator's report, fix and, if necessary, revise a time limit for completing winding up and dissolution; order sale of the company or its assets as a going concern and appoint a sale committee to assist the Liquidator; require investigation where fraud is reported and, on that report, give directions or direct filing of a criminal complaint; and order measures to protect, preserve or enhance asset value or other directions as fit.
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