law: Companies Act, 2013 
  256.
  
    Appointment
  
  of interim administrator.
  1.      On the receipt of an
  
  application under section 254, the Tribunal shall, not later than seven days
  
  from such receipt,Ś
  a.     
  
    fix
  
  a date for hearing not later than ninety days from date of its receipt;
  b.    
  
    appoint
  
  an interim administrator to convene a meeting of creditors of the company in
  
  accordance with the provisions of section 257 to be held not later than
  
  forty-five days from receipt of the order of the Tribunal appointing him to
  
  consider whether on the basis of the particulars and documents furnished with
  
  the application made under section 254, the draft scheme, if any, filed along
  
  with such application or otherwise and any other material available, it is
  
  possible to revive and rehabilitate the sick company and such other matters,
  
  which the interim administrator may consider necessary for the purpose and to
  
  submit his report to the Tribunal within sixty days from the date of the order:
  Provided
  
  that where no draft scheme is filed by the company and a declaration has been
  
  made to that effect by the Board of Directors, the Tribunal may direct the
  
  interim administrator to take over the management of the company; and
  a.     
  
  
  b.     
  
  
  c.     
  
    issue
  
  such other directions to the interim administrator as the Tribunal may consider
  
  necessary to protect and preserve the assets of the sick company and for its
  
  proper management.
  2.      Where an interim
  
  administrator has been directed to take over the management of the company, the
  
  directors and the management of the company shall extend all possible assistance
  
  and cooperation to the interim administrator to manage the affairs of the
  
  company.