Section 15A:
Power to investigate into the affairs of a company in liquidation.
1[15A. Power to investigate into the affairs of a company in liquidation.--(1) Where a company,
owning an industrial undertaking is being wound up by or under the supervision of the High Court, and
the business of such company is not being continued, the Central Government may, if it is of opinion that
it is necessary, in the interests of the general public and, in particular, in the interests of production,
supply or distribution of articles or class of articles relatable to the concerned scheduled industry, to
investigate into the possibility of running or re-starting the industrial undertaking, make an application to
the High Court praying for permission to make, or cause to be made, an investigation into such possibility
by such person or body of persons as that Government may appoint for the purpose.
(2) Where an application is made by the Central Government under sub-section (1), the High Court
shall, notwithstanding anything contained in the Companies Act, 1956 (1 of 1956), or in any other law for
the time being in force, grant the permission prayed for.]
Notes:
1. Ins. by Act 72 of 1971, s. 3 (w.e.f. 1-11-1971).