Companies Act, 1956
Section - 557 - Meetings to ascertain wishes of creditors or contributories
Supplementary powers of [Tribunal] Meetings to ascertain wishes of creditors or contributories.557. (1) In all matters relating to the winding up of a company, the [Tribunal] may— (a) have regard to the wishes of creditors or contributories of the company, as proved to it by any sufficient evidence; (b) if it thinks fit for the purpose of ascertaining those wishes, direct meetings of the creditors or contributories to be called, held and conducted in such manner as the [Tribunal] directs; and (c) .... To read the full section download the app from Google Play store
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