Section 233 — Companies Act 1993: Effect of compromise in liquidation of company

233 Effect of compromise in liquidation of company (1) Where a compromise is approved under section 230 of this Act, the Court may, on the application of— (a) The company; or (b) A receiver appointed in relation to property of the company; or (c) With the leave of the Court, any creditor or shareholder of the company,— make such order as the Court thinks fit with respect to the extent, if any, to which the compromise will, if the company is put into liquidation, continue in effect and be binding on the liquidator of the company. (2) Where a compromise is approved under section 230 of this Act and the company is subsequently put into liquidation, the Court may, on the application of— (a) The liquidator; or (b) A receiver appointed in relation to property of the company; or (c) With the leave of the Court, any creditor or shareholder of the company,— make such order as the Court thinks fit with respect to the extent, if any, to which the compromise will continue in effect and be binding on the liquidator of the company.