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[Cites 0, Cited by 59] [Section 392] [Entire Act]

Union of India - Subsection

Section 392(2) in The Companies Act, 1956

(2)If the Tribunal aforesaid is satisfied that a compromise or an arrangement sanctioned under section 391 cannot be worked satisfactorily with or without modifications, it may, either on its own motion or on the application of any person interested in the affairs of the company, make an order winding up the company, and such an order shall be deemed to be an order made under section 433 of this Act.