https://www.taxtmi.com/acts?id=15780 Company Liquidator may, with Tribunal sanction in Tribunal windings or with a special resolution and prior Tribunal approval in voluntary windings, pay classes of creditors in full, make compromises or arrangements with creditors or claimants, compromise calls and debts (including contingent or damages-only claims), take security and give discharges; the Central Government may prescribe rules permitting certain compromises without Tribunal sanction in Tribunal windings; creditors or contributories may apply to the Tribunal for review and the Tribunal shall, after giving reasonable opportunity, pass appropriate orders. en-us Fri, 23 Dec 2011 15:47:47 +0530 Fri, 23 Dec 2011 15:47:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15780 Company Liquidator may, with Tribunal sanction in Tribunal windings or with a special resolution and prior Tribunal approval in voluntary windings, pay classes of creditors in full, make compromises or arrangements with creditors or claimants, compromise calls and debts (including contingent or damages-only claims), take security and give discharges; the Central Government may prescribe rules permitting certain compromises without Tribunal sanction in Tribunal windings; creditors or contributories may apply to the Tribunal for review and the Tribunal shall, after giving reasonable opportunity, pass appropriate orders. Act-Rules Bills Fri, 23 Dec 2011 15:47:47 +0530 https://www.taxtmi.com/acts?id=15780