Post-sanction reporting for compromises or arrangements enables oversight and allows issuance of directions upon review. The Tribunal may, after sanctioning a compromise or arrangement, direct the company or, if the company is being wound up, its liquidator to submit within ... Summary
Post-sanction reporting for compromises or arrangements enables oversight and allows issuance of directions upon review.
The Tribunal may, after sanctioning a compromise or arrangement, direct the company or, if the company is being wound up, its liquidator to submit within a fixed time a report on the working of that compromise or arrangement, either on its own motion or on application of any interested person, and on consideration of the report may pass such orders or give such directions as it thinks fit.
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