Liquidator on behalf of the company can move an application u/s 230 of the Companies Act, 2013- Rajesh Balasubramanian Vs. M/s. Everon Castings Pvt. Ltd. & Anr.-NCLAT
If the members of the ‘Corporate Debtor’ or the ‘creditors’ approach the company through the liquidator for compromise or arrangement by making proposal of payment to all the creditor(s), the Liquidator on behalf of the company will move an application under Section 230 of the Companies Act, 2013 before the National Company Law Tribunal.