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of <h1>Understanding Liquidator Powers: Section 292 of Companies Act 2013 Defines Roles in Winding-Up Process and Stakeholder Engagement.</h1> Section 292 of the Companies Act, 2013 outlines the powers and responsibilities of a Company Liquidator during a company's winding-up process by the Tribunal. The Liquidator must follow directions from creditors or contributories as decided in a general meeting, which take precedence over advisory committee directions in case of conflict. The Liquidator can convene meetings to understand stakeholders' wishes and must do so if directed by resolution or requested by a significant portion of creditors or contributories. Aggrieved parties can appeal the Liquidator's decisions to the Tribunal, which can affirm, reverse, or modify these decisions.
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