Section 278 of the Companies Act, 2013: Effect of winding up order

The Companies Act, 2013

Chapter– XX Winding Up 

Part I- Winding up by the Tribunal

Section 278: 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.


Reference

*Effective from 15.12.2016.

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