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of <h1>Tribunal Can Request Magistrate or Collector to Secure Company Assets During Insolvency; Actions Are Unchallengeable Under Companies Act.</h1> The Tribunal under the Companies Act, 2013, and the Insolvency and Bankruptcy Code, 2016, can request the Chief Metropolitan Magistrate, Chief Judicial Magistrate, or District Collector to take possession of a company's property, books of account, or documents during winding-up or insolvency proceedings. These officials are required to secure and entrust the items to the Tribunal or authorized persons. They may use necessary force to ensure compliance, and their actions under this section cannot be legally challenged. The provision was amended by the Insolvency and Bankruptcy Code, 2016, to include corporate persons under its scope.
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