Rule - 163, Part-III, The Companies (Winding Up) Rules, 2020
Rule - 163, Part-III, The Companies (Winding Up) Rules, 2020
No claim to be compromised or abandoned without sanction of Tribunal
In a winding up by the Tribunal, no claim by the company against any person shall be compromised or abandoned by the Company Liquidator without the sanction of the Tribunal upon notice to such person as the Tribunal may direct.
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