Rule 87 - Liberty to apply. - Company Court Rules, 1959

Liberty to apply. 87. (1) The Company, or any creditor or member thereof, or in case of a company which is being wound-up, the liquidator, may, at any time after the passing of the order sanctioning the compromise or arrangement, apply to the Court for the determination of any question relating to the working of the compromise or arrangement. (2) The application shall in the first instance be posted before the Court for directions as to the notices and the advertisement, if any to issue, as the Court may direct. (3) The Court may, on such application, pass such orders and give such directions as it may think fit in regard to the matter, and may make such modi fications in the compromise or arrangement as it may consider necessary for the proper working thereof, or pass such orders as it may think fit in the circums tances of the case.