Power of Tribunal on hearing petition.

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....bsp;  (c) make any interim order that it thinks fit; or      (d) make an order for winding up the company with or without costs, or any other order that it thinks fit: Provided that the Tribunal shall not refuse to make a winding up order on the ground only that the assets of the company have been mortgaged to an amount equal to or in excess of those assets, or that the ....

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....in the opinion of the Tribunal, are responsible for the default.     -------------------------------------------- Notes:- [1] Sections 443 and 444 substituted by the Companies (Second Amendment) Act, 2002, w.e.f a date yet to be notified. Prior to substitution, section 443 and 444, as amended by the Companies (Amendment) Act, 1960, they read as under: "443. Powers of Court on heari....

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....refuse to make an order of winding up, if it is of opinion that some other remedy is available to the petitioners and that they are acting unreasonably in seeking to have the company wound-up instead of pursuing that other remedy. (3) Where the petition is presented on the ground of default in delivering the statutory report to the Registrar, or in holding the statutory meeting, the Court may___ ....