Liquidator to exercise certain powers subject to sanction.

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....ibunal]; and      (b) with the sanction of a special resolution of the company, in the case of a voluntary winding up,           (i) pay any classes of creditors in full;           (ii) make any compromise or arrangement with creditors or persons claiming to be creditors, or havin....

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.... of any such call, debt, liability or claim, and give a complete discharge in respect thereof. ^[2][(1A) Notwithstanding anything contained in sub-section (1), in the case of a winding up by the ^[3][Tribunal], the Supreme Court* may make rules under section 643 providing that the liquidator may, under such circumstances, if any, and subject to such conditions, restrictions and limitations, if ....