Company winding-up: Tribunal may fix completion timelines, order sale of company or assets, investigate fraud and protect assets. Section 282 authorises the Tribunal to fix and, if necessary, revise time limits for completing winding-up and dissolving a company based on the Company Liquidator's report and representations from interested persons. The Tribunal may order sale of the company as a going concern or of its assets, appoint a sale committee to assist the Liquidator, order an investigation under section 210 where fraud is reported and act on the investigation's report, and take measures to protect, preserve or enhance the company's asset value.
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.
Company winding-up: Tribunal may fix completion timelines, order sale of company or assets, investigate fraud and protect assets.
Section 282 authorises the Tribunal to fix and, if necessary, revise time limits for completing winding-up and dissolving a company based on the Company Liquidator's report and representations from interested persons. The Tribunal may order sale of the company as a going concern or of its assets, appoint a sale committee to assist the Liquidator, order an investigation under section 210 where fraud is reported and act on the investigation's report, and take measures to protect, preserve or enhance the company's asset value.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.