Section 441D - Application of Fund. - Companies Act, 1956

Application of Fund. 441D. The Fund shall be applied by the Tribunal for the purpose of ___ (a) making interim payment of workmen's dues pending the revival or rehabilitation of the sick industrial company; or (b) payment of workmen's dues due to the workmen, referred to in sub-section (3) of section 529, of the sick industrial company; or (c) protection of assets of sick industrial company; or (d) revival or rehabilitation of sick industrial company, which in the opinion of the Tribunal are necessary or expedient for the said purposes.