Companies Act, 2017

PART-X

POWERS OF COURT HEARING APPLICATION

From: 2023-11-01 - To: 0000-00-00 308. Powers of Court on hearing petition.- (1) The Court may, on receipt of a petition for winding up under section 304 pass any of the following orders, namely- (a) dismiss it, with or without costs; (b) make any interim order as it thinks fit; (c) appoint a provisional manager of the company till the making of a winding up order; (d) make an order for the winding up of the company with or without costs; or (e) any other order as it thinks fit: Provided that an order under this sub-section shall be made within ninety days from the date of presentation of the petition: Provided further that before appointing a provisional manager under clause (c), the Court shall give notice to the company and afford a reasonable opportunity to it to make its representations, if any, unless for special reasons to be recorded in writing, the Court thinks fit to dispense with such notice: Provided also…