Companies, creditors, members or liquidators may apply to the Tribunal to resolve and modify sanctioned compromises or arrangements. Any company, creditor, member or, if the company is being wound up, its liquidator may apply to the Tribunal after the sanctioning order to determine questions about the working of a compromise or arrangement. The application is first presented to the Tribunal for directions on notices and advertisements. The Tribunal may issue orders and directions, modify the compromise or arrangement as necessary for proper working, and make such further orders as the circumstances require.
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.
Companies, creditors, members or liquidators may apply to the Tribunal to resolve and modify sanctioned compromises or arrangements.
Any company, creditor, member or, if the company is being wound up, its liquidator may apply to the Tribunal after the sanctioning order to determine questions about the working of a compromise or arrangement. The application is first presented to the Tribunal for directions on notices and advertisements. The Tribunal may issue orders and directions, modify the compromise or arrangement as necessary for proper working, and make such further orders as the circumstances require.
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