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Companies Act, 1956

Sec 522 - Power to order winding up subject to supervision.

At any time after a company has passed a resolution for voluntary winding up, the Court may make an order that the voluntary winding up shall continue, but subject to such supervision of the Court, and with such liberty for creditors, contributories or others to apply to the Court, and generally on such terms and conditions, as the Court thinks just.

Companies Act, 1956 Back

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