Section 359 of CA 2013 : Section 359: Appointment Of Official Liquidator
CA 2013
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Explanation using Example
Imagine a company, XYZ Pvt. Ltd., is facing financial difficulties and is unable to pay its debts. The creditors of XYZ Pvt. Ltd. file a petition for the company's winding up with the National Company Law Tribunal (NCLT). The Tribunal, after considering the case, orders the winding up of XYZ Pvt. Ltd. Under Section ...
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