Clause 278 - Effect of winding up order. - COMPANIES BILL, 2011
COMPANIES BILL, 2011
Chapter XX - Part I
Winding up by the Tribunal
Contents
Effect of winding up order.
278. The order for the winding up of a company 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.
