distribution of such property to the other company after the winding up of the first-mentioned company; (1C) "Additional Commissioner" means a person appointed
proceedings pending by or against any transferor company; (iv) the dissolution, without winding up, of any transferor company; (v) the provision to be made
laws required that the Companies Act, 1956 and other related laws concerning winding up of companies should be remodelled in line with the international practices ... retired Supreme Court Judge to examine the law relating to insolvency and winding up of companies. 2. The Committee examined Companies Act, 1956 and also
section 424-G: Provided that the Tribunal shall make an order for winding up of a company under clause (h) on application made
Companies Act, 1956
439. Provisions as to applications for winding up .-
(1) An application to the [Tribunal] for the winding up of a company shall ... contributory shall be entitled to present a petition for winding up a company, notwithstanding that he may be the holder of fully paid-up shares
liquidator or provisional liquidator appointed in proceedings for the winding up of a company, the period beginning with the date of institution of such proceeding
Financial Reconstruction for the formulation of revival or rehabilitation schemes or winding up, as the Board may consider necessary. Accordingly, it is proposed to amend ... manner in which these provisions have facilitated the rehabilitation or the winding up of sick industrial companies. Based on a consideration of these issues
Section 446 in The Companies Act, 1956
446. Suits stayed on winding up order .-
(1) When a winding up order has been made ... proceeding shall be commenced, or if pending at the date of the winding up order, shall be proceeded with, against the company, except by leave
other law for the time being in force, in the winding up of a company- (a) workmen's dues; and (b) debts due to secured
members, but that otherwise the facts would justify the making of a winding-up order on the ground that it was just and equitable that