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The Companies Act, 1956

Winding Up (Section 425 to 560)

Section 458 Discretion of liquidator.

Section 458 Discretion of liquidator.

The Tribunal may, by order, provide that the liquidator may exercise any of the powers referred to in sub-section (1) of section 457 without the sanction or intervention of the Tribunal:

Provided always that the exercise by the liquidator of such powers shall be subject to the control of the Tribunal.