(1) The liquidator may, with the sanction following (that is to say) -
(a) in the case of a winding up by the court in England with the sanction either of the court or of the committee of inspection;
(b) in the case of a winding up by the court in Scotland or Ireland, and in the case of any winding up subject to supervision, with the sanction of the court; and
(c) in the case of a voluntary winding up, with the sanction of an extraordinary resolution of the company, do the following things or any of them:
(i) Pay any classes of creditors in full;
(ii) Make any compromise or arrangement with creditors or persons claiming to be creditors, or having or alleging themselves to have any claim, present or future, certain or contingent, ascertained or sounding only in damages against the company, or whereby the company may be rendered liable;
(iii) Compromise all calls and liabilities to calls, debts, and liabilities capable of resulting in debts, and all claims, present or future, cert