Power to detain and seize property to prevent absconding or evasion of company obligations pending inquiry. Where a contributory or person holding a company's property, accounts or papers is about to leave India, abscond, or remove or conceal assets to evade payment of calls or to avoid examination into the company's affairs, the Tribunal may cause the contributory or such person to be detained and cause his books, papers and movable property to be seized and safely kept until the Tribunal orders otherwise.
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 detain and seize property to prevent absconding or evasion of company obligations pending inquiry.
Where a contributory or person holding a company's property, accounts or papers is about to leave India, abscond, or remove or conceal assets to evade payment of calls or to avoid examination into the company's affairs, the Tribunal may cause the contributory or such person to be detained and cause his books, papers and movable property to be seized and safely kept until the Tribunal orders otherwise.
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