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TypeBare Act JurisdictionCentral Government

Companies Act, 2013, Section 231

Power of Tribunal to Enforce Compromise or Arrangement

~1 min read
https://sooperkanoon.com/act/62621

Bare act section · Research

About this section

Companies Act, 2013, Section 231 is part of Companies Act, 2013, - Power of Tribunal to Enforce Compromise or Arrangement. Read the section text below and explore Indian court judgments that cite it.

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Section Text

(1) Where the Tribunal makes an order under section 230 sanctioning a compromise or an arrangement in respect of a company, it--

(a) shall have power to supervise the implementation of the compromise or arrangement; and

(b) may, at the time of making such order or at any time thereafter, give such directions in regard to any matter or make such modifications in the compromise or arrangement as it may consider necessary for the proper implementation of the compromise or arrangement.

(2) If the Tribunal is satisfied that the compromise or arrangement sanctioned under section 230 cannot be implemented satisfactorily with or without modifications, and the company is unable to pay its debts as per the scheme, it may make an order for winding up the company and such an order shall be deemed to be an order made under section 273.

(3) The provisions of this section shall, so far as may be, also apply to a company in respect of which an order has been made before the commencement of this Act sanctioning a compromise or an arrangement.

Frequently asked questions

What does Companies Act, 2013, Section 231 provide?

Section Section 231 of the Companies Act, 2013, (Power of Tribunal to Enforce Compromise or Arrangement) is reproduced on this page as part of the Companies Act, 2013,. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Companies Act, 2013, Section 231?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Companies Act, 2013, Section 231. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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