Power to detain persons about to abscond allows tribunal to detain and seize books and movable property. Where before or after a winding up order the Tribunal is satisfied that a contributory or person holding the company's property, accounts or papers is about to leave India or abscond, or intends to remove or conceal property to evade payment of calls or to avoid examination of the company's affairs, the Tribunal may detain that person and seize and safely keep his books, papers and movable property until it orders otherwise.
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.
Power to detain persons about to abscond allows tribunal to detain and seize books and movable property.
Where before or after a winding up order the Tribunal is satisfied that a contributory or person holding the company's property, accounts or papers is about to leave India or abscond, or intends to remove or conceal property to evade payment of calls or to avoid examination of the company's affairs, the Tribunal may detain that person and seize and safely keep his books, papers and movable property until it orders otherwise.
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