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 NCLT, in terms of the observations as made in S.C. Sekaran – Ms. Lima Rose Vs. M/s. Air Carnival Pvt. Ltd. & Ors. – NCLAT New Delhi