Rule-making power on winding up allows Central Government to prescribe procedural rules and continue existing rules pending replacement. Central Government may make rules consistent with the Code of Civil Procedure governing all prescribed matters relating to winding up, including procedural modes before the Tribunal, voluntary winding up, meetings of creditors and members, capital reduction implementation, applications to the Tribunal, settling contributory lists and registers, collection and application of assets, transfer of property and records to the liquidator, making calls, and fixing times for proving debts; pre-existing Supreme Court rules continue until replaced, with High Court references construed as references to the Tribunal.
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.
Rule-making power on winding up allows Central Government to prescribe procedural rules and continue existing rules pending replacement.
Central Government may make rules consistent with the Code of Civil Procedure governing all prescribed matters relating to winding up, including procedural modes before the Tribunal, voluntary winding up, meetings of creditors and members, capital reduction implementation, applications to the Tribunal, settling contributory lists and registers, collection and application of assets, transfer of property and records to the liquidator, making calls, and fixing times for proving debts; pre-existing Supreme Court rules continue until replaced, with High Court references construed as references to the Tribunal.
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