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)
Appeal by creditor: right to challenge a liquidator's decision within the prescribed period; Tribunal exercises appellate powers. A creditor dissatisfied with a liquidator's decision may appeal to the Tribunal within twenty-one days of service of the notice, by filing Form WIN 49 supported by an affidavit stating the grounds and giving notice to the Company Liquidator; the Tribunal exercises the appellate powers available under the Code of Civil Procedure to hear the appeal.
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.
Appeal by creditor: right to challenge a liquidator's decision within the prescribed period; Tribunal exercises appellate powers.
A creditor dissatisfied with a liquidator's decision may appeal to the Tribunal within twenty-one days of service of the notice, by filing Form WIN 49 supported by an affidavit stating the grounds and giving notice to the Company Liquidator; the Tribunal exercises the appellate powers available under the Code of Civil Procedure to hear the appeal.
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