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of <h1>Section 231: Supervising compromise schemes u/s 230 and ordering winding up as Section 273 when unworkable</h1> Section 231 empowers the Tribunal, after sanctioning a compromise or arrangement under section 230, to supervise its implementation and issue directions or modifications necessary for proper execution. If the Tribunal is satisfied that the sanctioned scheme cannot be implemented satisfactorily, with or without modifications, and the company is unable to pay its debts under the scheme, it may order the company's winding up, which will be treated as an order under section 273. These powers extend, as far as applicable, to companies for which compromises or arrangements were sanctioned prior to the commencement of the Companies Act, 2013.
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