Chapter-5 Liquidation of Company

Section 46: Power of the Court to make order in relation to liquidator of Company

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Notwithstanding anything contained elsewhere in this Chapter, the Court may at any time issue the following order in respect of any company which is undergoing liquidation proceedings:

(a) To suspend or terminate the liquidation of the company,

(b) To require to hand over the assets of the company to the liquidator,

(c) To pay any call mage for payment of instalment,

(d) Where there is a doubt that any person is possessing or using any property of the company, to stop such possession or use or

(e) To arrest any person who causes any hindrance in or obstruction to the performance of functions or duties or the exercise of powers by the liquidators.

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