[ Section 298 notified with effect from 15.12.2016 vide S.O. 3676 (E) dated 07.12.2016]

Section 298- Power to order costs. [Corresponds to Section 476 of the Companies Act, 1956]

The Tribunal may, in the event of the assets of a company being insufficient to satisfy its liabilities, make an order for the payment out of the assets, of the costs, charges and expenses incurred in the winding up, in such order of priority inter se as the Tribunal thinks just and proper.

Section 476 Power to order costs.

The Tribunal may, in the event of the assets being insufficient to satisfy the liabilities, make an order for the payment out of the assets, of the costs, charges and expenses incurred in the winding up, in such order of priority inter se as the Tribunal thinks just.