https://www.taxtmi.com/acts?id=38482 Where a company in winding up has no available assets, the Company Liquidator may, with tribunal leave, incur necessary expenses from a Central Government permanent advance or similar fund, and such expenses are recoupable from the company's assets in priority to debts; advances by petitioners, creditors or contributories used for preliminary expenses are similarly repaid in priority. Pre existing Common Pool or Establishment Funds continue to be used for their original purpose, and the Official Liquidator must reimburse amounts availed from those funds from the company's assets on a priority basis as receipts arise. en-us Thu, 06 Feb 2020 17:46:38 +0530 Wed, 07 Jan 2026 14:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38482 Where a company in winding up has no available assets, the Company Liquidator may, with tribunal leave, incur necessary expenses from a Central Government permanent advance or similar fund, and such expenses are recoupable from the company's assets in priority to debts; advances by petitioners, creditors or contributories used for preliminary expenses are similarly repaid in priority. Pre existing Common Pool or Establishment Funds continue to be used for their original purpose, and the Official Liquidator must reimburse amounts availed from those funds from the company's assets on a priority basis as receipts arise. Act-Rules Companies Law Thu, 06 Feb 2020 17:46:38 +0530 https://www.taxtmi.com/acts?id=38482