https://www.taxtmi.com/acts?id=12774 When the Tribunal sanctions a compromise or arrangement under section 391 it may supervise implementation, give directions and make modifications as necessary for proper working; if the Tribunal is satisfied the arrangement cannot be worked satisfactorily with or without modifications it may, on its own motion or on application by any interested person, order winding up of the company, and such order shall be deemed to be a winding up order under the winding up provisions. The provision applies, so far as may be, to companies with previously sanctioned arrangements before the 2002 amendment. en-us Mon, 16 May 2011 16:29:17 +0530 Mon, 16 May 2011 16:29:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12774 When the Tribunal sanctions a compromise or arrangement under section 391 it may supervise implementation, give directions and make modifications as necessary for proper working; if the Tribunal is satisfied the arrangement cannot be worked satisfactorily with or without modifications it may, on its own motion or on application by any interested person, order winding up of the company, and such order shall be deemed to be a winding up order under the winding up provisions. The provision applies, so far as may be, to companies with previously sanctioned arrangements before the 2002 amendment. Act-Rules Companies Law Mon, 16 May 2011 16:29:17 +0530 https://www.taxtmi.com/acts?id=12774