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[Cites 0, Cited by 0] [Section 231] [Entire Act]

Union of India - Subsection

Section 231(2) in The Companies Act, 2013

(2)If the Tribunal is satisfied that the compromise or arrangement sanctioned under section 230 cannot be implemented satisfactorily with or without modifications, and the company is unable to pay its debts as per the scheme, it may make an order for winding up the company and such an order shall be deemed to be an order made under section 273.