law: Companies Act, 2013 
  273.
  
    Powers
  
  of Tribunal.
  1.      The Tribunal may, on
  
  receipt of a petition for winding up under section 272 pass any of the
  
  following orders, namely:Ś
  a.     
  
    dismiss
  
  it, with or without costs;
  b.    
  
    make
  
  any interim order as it thinks fit;
  c.     
  
    appoint
  
  a provisional liquidator of the company till the making of a winding up order;
  d.    
  
    make
  
  an order for the winding up of the company with or without costs; or
  e.     
  
    any
  
  other order as it thinks fit:
  Provided
  
  that an order under this sub-section shall be made within ninety days from the
  
  date of presentation of the petition:
  Provided
  
  further that before appointing a provisional liquidator under clause (c ),
  
  the Tribunal shall give notice to the company and afford a reasonable
  
  opportunity to it to make its representations, if any, unless for special
  
  reasons to be recorded in writing, the Tribunal thinks fit to dispense with
  
  such notice:
  Provided
  
  also that the Tribunal shall not refuse to make a winding up order on the
  
  ground only that the assets of the company have been mortgaged for an amount
  
  equal to or in excess of those assets, or that the company has no assets.
  2.      Where a petition is
  
  presented on the ground that it is just and equitable that the company should
  
  be wound up, the Tribunal may refuse to make an order of winding up, if it is
  
  of the opinion that some other remedy is available to the petitioners and that
  
  they are acting unreasonably in seeking to have the company wound up instead of
  
  pursuing the other remedy.