Liquidator to exercise certain powers subject to sanction.

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..... h the sanction of a special resolution of the company, in the case of a voluntary winding up, (i) pay any classes of creditors in full; (ii) make any compromise or arrangement with creditors or persons claiming to be creditors, or having or alleging themselves to have any claim, present or future, certain or contingent, ascertained or sounding only in damages, against the c .....

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..... ing up by the [3] [Tribunal], the Supreme Court* may make rules under section 643 providing that the liquidator may, under such circumstances, if any, and subject to such conditions, restrictions and limitations, if any, as may be specified in the rules, exercise any of the powers referred to in sub-clause (ii) or sub-clause (iii) of sub-section (1) without the sanction of the 2[Tribunal].] ( .....

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