Section 270. Winding up by Tribunal*.
Effective from 15-12-2016
(1) The winding up of a company may be either—
(a) by the Tribunal; or
(b) voluntary.
(2) Notwithstanding anything contained in any other Act, the provisions of this Act with respect to winding up shall apply to the winding up of a company in any of the modes specified under sub-section (1).
* The Insolvency and Bankruptcy Code 2016 substituted Section 270 titled ‘Modes of Winding Up’ to ‘Winding up by Tribunal’.
Substituted vide The Insolvency and Bankruptcy Code, 2016. To view the amendment,Click Here