valid as on 21/02/2024

Section 278. Effect of winding up order
Effective from 15-12-2016

The order for the winding up of a  shall operate in favour of all the creditors and all contributories of the company as if it had been made out on the joint petition of creditors and contributories.

2(20) Company means a company incorporated under this Act or under any previous company law

Enforcement Notification S.O. 3677(E) dated 07/12/2016

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