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)
Compromise applications must include proposed arrangement, liquidator's affidavit and advisory committee final report confirming benefit. An application for sanction of a compromise or arrangement must be accompanied by a copy of the proposed compromise or arrangement and supported by an affidavit of the Company Liquidator together with the Advisory Committee's final report stating the liquidator's reasons and that he is satisfied the proposed compromise or arrangement is beneficial to the company.
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.
Compromise applications must include proposed arrangement, liquidator's affidavit and advisory committee final report confirming benefit.
An application for sanction of a compromise or arrangement must be accompanied by a copy of the proposed compromise or arrangement and supported by an affidavit of the Company Liquidator together with the Advisory Committee's final report stating the liquidator's reasons and that he is satisfied the proposed compromise or arrangement is beneficial to the company.
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