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of <h1>Section 301 allows detention and property seizure to stop contributories absconding and protect company assets during winding up</h1> Section 301 empowers the Tribunal, at any time before or after passing a winding up order, to act against a contributory or any person holding the company's property, accounts, or papers who is about to leave India, abscond, or remove or conceal property to evade payment of calls or avoid examination about the company's affairs. If so satisfied, the Tribunal may order such person's detention for such period as it directs, and may also order seizure and safe custody of that person's books, papers, and movable property until further orders, to secure the company's assets and facilitate investigation.
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