Winding up: post commencement asset dispositions and share transfers are void unless the tribunal orders otherwise. Disposition of a company's assets, including actionable claims, and any transfer of its shares or alteration in the status of its members made after commencement of a winding up by the Tribunal is void unless the Tribunal otherwise orders, thereby vesting the power to validate post commencement transactions in the Tribunal.
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.
Winding up: post commencement asset dispositions and share transfers are void unless the tribunal orders otherwise.
Disposition of a company's assets, including actionable claims, and any transfer of its shares or alteration in the status of its members made after commencement of a winding up by the Tribunal is void unless the Tribunal otherwise orders, thereby vesting the power to validate post commencement transactions in the Tribunal.
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