Section 383: Court may have regard to the wishes of creditors and contributories

383. Court may have regard to the wishes of creditors and contributories.—The Court may, in deciding between a winding up by the Court and a winding up subject to supervision, in the appointment of liquidators, and in all other matters relating to the winding up subject to supervision, have regard to the wishes of the creditors or contributories as proved to it by any sufficient evidence, but subject to the provisions which would have been applicable had the company been wound up by the Court.

Effective date: 2017-05-30

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