The Indian Companies Act 1882, 6 of 1882, (Rep., Act 1 of 1956)

Section 191. Power of Court, on application, to direct winding-up subject to supervision

Repealed or not in force · As amended up to 2026-08

191. Power of Court, on application, to direct winding-up subject to supervision. 192. Petition for winding-up subject to supervision. 193. Court may have regard to wishes of creditors. 191. When a resolution has been passed by a Company to wind up voluntarily, the Court may make an order directing that the voluntary winding-up shall continue, but subject to such supervision of the Court, and with such liberty for creditors, contributories or others to apply to the Court, and generally upon such terms and subject to such conditions, as the Court thinks just. Petition for winding-up subject to supervision.

Source: India Code