228. Powers of court on application under section 224 or section 225

Without prejudice to the generality of the powers conferred on the court by section 224 or section 225, any order made under either of such sections,may provide for—

the regulation of the conduct of the company’s affairs in the future;

the purchase of the shares or interests of any shareholders of the company by other shareholders thereof or by the company;

the termination, setting aside or modification of any agreement, however arrived at, between the company on the one hand and any of the following persons on the other, namely—

the termination, setting aside or modification of any agreement between the company and any person not referred to in paragraph (c), upon such terms and conditions as may, in the opinion of the court, be just and equitable in all the circumstances of the case, but always so that no such agreement shall be terminated, set aside or modified, except after due notice to the party concerned and after giving such person an opportunity of being heard;

the setting aside of any transfer, delivery of goods, payment, execution or other act relating to property made or done by or against the company within the three months immediately prior to the date of the application or the commencement of winding up proceedings, as the case may be, which would, if made or done by or against an individual, be deemed in a case of his insolvency, to be fraudulent preference; and

any other matter for which in the opinion of the court it is just and equitable that provision should be made.