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of <h1>Powers of Company Liquidator u/s 290 to manage business, sell assets, raise funds and settle claims</h1> Section 290 empowers a Company Liquidator in a Tribunal-ordered winding up, subject to the Tribunal's directions and overall control. The Liquidator may continue the company's business for beneficial winding up, execute documents, use the seal, and sell assets or the whole undertaking, including as a going concern. They may raise finance on company assets, conduct or defend legal proceedings, invite and settle claims, inspect official records, prove and rank in contributories' insolvency, deal in negotiable instruments, obtain letters of administration, and appoint professionals or agents. The Liquidator may take necessary actions for winding up, distribution of assets, and seek further orders or directions from the Tribunal, which may also assign additional duties.
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