Rule 163 No claim to be compromised or abandoned without sanction of Tribunal
- Text as on
- 14 August 2026
163. No claim to be compromised or abandoned without sanction of Tribunal.- In a winding up by the Tribunal, no claim by the company against any person shall be compromised or abandoned by the Company Liquidator without the sanction of the Tribunal upon notice to such person as the Tribunal may direct.