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)
Substitution of contributory in winding up petitions requires amendment and affidavit filed within seven days; petition retains original presentation date. When the Tribunal orders substitution of a contributory as petitioner, it shall adjourn the hearing to a date fixed by the Bench, direct necessary amendments, and require the substituted contributory to amend the petition within seven days and file two legible copies plus an affidavit in duplicate setting out the grounds; the amended petition is treated as the petition for winding up and is deemed presented on the date the original petition was presented.
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.
Substitution of contributory in winding up petitions requires amendment and affidavit filed within seven days; petition retains original presentation date.
When the Tribunal orders substitution of a contributory as petitioner, it shall adjourn the hearing to a date fixed by the Bench, direct necessary amendments, and require the substituted contributory to amend the petition within seven days and file two legible copies plus an affidavit in duplicate setting out the grounds; the amended petition is treated as the petition for winding up and is deemed presented on the date the original petition was presented.
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