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[Cites 0, Cited by 2] [Entire Act]

Union of India - Section

Section 441D in The Companies Act, 1956

441D. Application of Fund .-

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.