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of <h1>Clause 299 Empowers Tribunal to Summon Individuals for Company Property in Winding-Up; Orders Enforceable Like Civil Decrees.</h1> Clause 299 of the Companies Bill, 2011, grants the Tribunal authority to summon individuals suspected of possessing company property or information relevant to the company's affairs during winding-up proceedings. The Tribunal can examine these individuals under oath, require document production, and resolve lien disputes. It can order debtors to pay the liquidator or compel individuals to return company property. Non-compliance may result in costs. Orders are enforceable like civil decrees, and compliance relieves individuals of further liability concerning the debt or property. The liquidator may be directed to report on company assets held by others.
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