Section 275 of CA 2013 : Section 275: Company Liquidators And Their Appointments
CA 2013
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Explanation using Example
Imagine a scenario where ABC Pvt. Ltd. is facing severe financial difficulties and creditors have filed a petition for its winding up due to the company's inability to pay its debts. The National Company Law Tribunal (NCLT), after hearing the case, decides that the company should be wound up.
Under Section 275 of the Companies Act, 2013, the NCLT, at the time of passing the winding up order, appoints Mr. X, an insolvency profession...
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