In force · As amended up to 2026-08
18. Proceedings of Commissioner on submission of scheme. —The Commissioner may—
(a) as often as he thinks fit send back such scheme to the manager for revision, and direct him to make such further inquiry as may be requisite for the proper preparation of the scheme, or
(b) sanction any liquidation-scheme, or any revised liquidation-scheme, submitted to him, either as it stands, or subject to such modifications as he may deem expedient.
Source: India Code