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)
Company winding-up costs are discretionary and recoverable only if the Tribunal expressly awards them. Costs in winding-up proceedings are discretionary: the Tribunal determines costs and no party-and-party or incidental costs are recoverable unless expressly awarded by Tribunal order under the Companies (Winding Up) Rules, 2020.
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.
Company winding-up costs are discretionary and recoverable only if the Tribunal expressly awards them.
Costs in winding-up proceedings are discretionary: the Tribunal determines costs and no party-and-party or incidental costs are recoverable unless expressly awarded by Tribunal order under the Companies (Winding Up) Rules, 2020.
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