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    <title>Section 550(3)(a) and (b).</title>
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    <description>Destruction of a wound-up company&#039;s books and papers is subject to a default retention period after dissolution but may be shortened by the Central Government on written representations from creditors, contributories or the liquidator after affording reasonable opportunity to interested persons; aggrieved parties may appeal to the court within the prescribed period, directions must not conflict with court orders, special resolutions can substitute the period, and applicants must serve the Central Government and allow the prescribed notice interval before court hearing.</description>
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      <description>Destruction of a wound-up company&#039;s books and papers is subject to a default retention period after dissolution but may be shortened by the Central Government on written representations from creditors, contributories or the liquidator after affording reasonable opportunity to interested persons; aggrieved parties may appeal to the court within the prescribed period, directions must not conflict with court orders, special resolutions can substitute the period, and applicants must serve the Central Government and allow the prescribed notice interval before court hearing.</description>
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