Company Liquidator to exercise certain powers subject to sanction.

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....n of the Tribunal, when the company is being wound up by the Tribunal; and            (b) with the sanction of a special resolution of the company and prior approval of the Tribunal, in the case of a voluntary winding up,-                 (i) pay any class of creditors....

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.... the company, and all questions in any way relating to or affecting the assets or liabilities or the winding up of the company, on such terms as may be agreed, and take any security for the discharge of any such call, debt, liability or claim, and give a complete discharge in respect thereof.       (2) Notwithstanding anything contained in sub-section (1), in the case o....