https://www.taxtmi.com/article/detailed?id=12769 Chapter XX provides Tribunal-led winding up: eligible petitioners (company, contributories, Registrar, authorised persons) must file prescribed petitions and a recent Statement of Affairs; the Tribunal may require security for costs, advertise notice, allow substitution, and direct the Registrar to submit views. On admission the Tribunal may dismiss, make interim orders, appoint a provisional liquidator, or order winding up within the prescribed period. The Tribunal cannot refuse solely for mortgaged or absent assets; it may refuse where alternative remedies exist. Provisional liquidators must disclose conflicts and exercise liquidator powers subject to Tribunal limits. en-us Fri, 05 Jul 2024 10:59:39 +0530 Fri, 05 Jul 2024 10:59:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12769 Chapter XX provides Tribunal-led winding up: eligible petitioners (company, contributories, Registrar, authorised persons) must file prescribed petitions and a recent Statement of Affairs; the Tribunal may require security for costs, advertise notice, allow substitution, and direct the Registrar to submit views. On admission the Tribunal may dismiss, make interim orders, appoint a provisional liquidator, or order winding up within the prescribed period. The Tribunal cannot refuse solely for mortgaged or absent assets; it may refuse where alternative remedies exist. Provisional liquidators must disclose conflicts and exercise liquidator powers subject to Tribunal limits. Articles Corporate Laws / IBC / SEBI Fri, 05 Jul 2024 10:59:39 +0530 https://www.taxtmi.com/article/detailed?id=12769