SECTION 270. MODES OF WINDING UP
[Effective from 15th December, 2016]
[1] [The provisions of Part I shall apply to the winding up of a company by the Tribunal under this Act.]
[1] Substituted by the Insolvency and Bankruptcy Code, 2016 (13 of 2016), s. 255 & eleventh schedule for the words “Section 270. Modes of winding up.—(1) The winding up of a company may be either—
(a) by the Tribunal; or
(b) voluntary.
(2) Notwithstanding anything contained in any other Act, the provisions of this Act with respect to winding up shall apply to the winding up of a company in any of the modes specified under sub-section (1).”