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of <h1>Company liquidator's power to seize and keep company property during winding up u/s 290(1), upheld</h1> The Company Liquidator, for discharging duties under section 290(1), is placed in the same position as a receiver appointed by the Tribunal for the purpose of acquiring and retaining possession of the company's property. The Tribunal is empowered, on the Company Liquidator's application, to enforce the Liquidator's acquisition or retention of such property accordingly, enabling compulsory recovery and continued custody of the company's assets during winding up.
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