Section 392

Posted on 22-03-2016        By ADMIN

Power of Hc to enforce Compromise and arrangement.

If HC sanctions the scheme of C/A under section 391.

HC shall supervise the complete process of C/A .

It may, during passing of an order or thereafter make changes in the process as per its discretion for proper working of C/A.

If HC is of the view that scheme under 391 is not working properly with or without modifications, it may on its own or on the application of any person interested in the affairs, make an order for the winding up of the company.

Comment :