Winding up powers: Tribunal may dismiss or order winding up, appoint provisional liquidator, or grant interim relief. The Tribunal may dismiss a winding up petition, make interim orders, appoint a provisional liquidator until a winding up order is made, order winding up, or make any other order; appointment of a provisional liquidator normally requires notice and an opportunity to be heard unless dispensed with for recorded special reasons. The Tribunal may refuse a just and equitable winding up where reasonable alternative remedies exist and petitioners act unreasonably in seeking winding up instead of those remedies.
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.
Winding up powers: Tribunal may dismiss or order winding up, appoint provisional liquidator, or grant interim relief.
The Tribunal may dismiss a winding up petition, make interim orders, appoint a provisional liquidator until a winding up order is made, order winding up, or make any other order; appointment of a provisional liquidator normally requires notice and an opportunity to be heard unless dispensed with for recorded special reasons. The Tribunal may refuse a just and equitable winding up where reasonable alternative remedies exist and petitioners act unreasonably in seeking winding up instead of those remedies.
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