Section 278 of Companies Act, 2013 – Effect of winding up order

  • Updated Till : November 15, 2018

SECTION 278. EFFECT OF WINDING UP ORDER

[Effective from 15th December, 2016]

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.

 

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