ARRANGEMENT WITH CREDITORS AND
CONTRIBUTORIES IN A WINDING UP
BY THE COURT
Report by liquidator on arrangements and compromises
61.  In a winding up by the Court if application is made to the Court under section 272(1) of the Act to sanction any compromise or arrangement the Court may before giving its sanction thereto, hear a report by the liquidator as to the terms of the scheme, and as to the conduct of the directors and other officers of the company and as to any other matters which in the opinion of the liquidator, ought to be brought to the attention of the Court.