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of <h1>Section 322 Omission: Liquidators, creditors lose Tribunal application rights in company winding up under Insolvency Code 2016.</h1> Section 322 of the Companies Act, 2013, which was omitted by the Insolvency and Bankruptcy Code, 2016, previously allowed the Company Liquidator, any contributory, or creditor to apply to the Tribunal for resolving questions during a company's winding up. It empowered the Tribunal to enforce calls, stay proceedings, or address other matters as if the company were being wound up by the Tribunal. Applications could also be made to set aside attachments or executions against the company's estate after winding up commenced. The Tribunal could approve applications if deemed just and fair, with orders to be communicated to the Registrar.
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