PAYMENT OF UNCLAIMED DIVIDENDS OR UNDISTRIBUTED ASSETS INTO THE COMPANY LIQUIDATION DIVIDEND AND UNDISTRIBUTED ASSETS ACCOUNT IN A WINDING UP (From Rule 179 to Rule 182)
Winding-up petitions: tribunal may substitute the petitioner if the original is not entitled or fails to prosecute. Where an original petitioner is not entitled to present a winding-up petition, fails to advertise it, withdraws or permits dismissal, fails to appear or does not seek the relief prayed, the tribunal may, on such terms as it thinks just and also where there is other sufficient cause, substitute any person who in the tribunal's opinion would have a right to present the petition and is desirous of prosecuting it.
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 petitions: tribunal may substitute the petitioner if the original is not entitled or fails to prosecute.
Where an original petitioner is not entitled to present a winding-up petition, fails to advertise it, withdraws or permits dismissal, fails to appear or does not seek the relief prayed, the tribunal may, on such terms as it thinks just and also where there is other sufficient cause, substitute any person who in the tribunal's opinion would have a right to present the petition and is desirous of prosecuting it.
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