Business Studies, asked by mahanandhi2001, 2 months ago

according to which section the order for winding up shall operate in favour of creditors ?

Answers

Answered by coolstuff1219

Answer:

Section 446 of the Companies Act, 1959 states that an order for winding up shall operate in favour of all the creditors and all of the contributors for the company as if it had been on the joint petition of a creditor and of a contributory.

Previous Question

Next Question

Similar questions

Math, 30 days ago

FIND EACH OF THE FOLLOWING PRODUCTS BY STEP BY STEP :- 1) 3 × (-1 ) 2) (-1)× 225 3) (-21 )×(-30) 4) (-316)×(-1) 5) (-15)×0×(-18) 6) (-18)×(-5)×(-4) THOSE WHO GIVE ME RIGHT ANSWER I WILL GIVE THEN BRAINLIEST...

India Languages, 30 days ago

how to write a letter to father in Telugu about school trip in "Telugu"...

Math, 30 days ago

Smith invests $3000 for one year at a rate of 6%. How much interest will he earn at the end of that year?

Social Sciences, 2 months ago

name three extrimist leader...

Science, 2 months ago

hey please help me in this question...

India Languages, 8 months ago

if you are a chief minister how will you handle the present pandemic situation. (write it in telugu?).

Physics, 8 months ago

What is the ratio of range and maximum height if body throw at an angle of 30 degree and 60 degree. Please support answer.

English, 8 months ago

Ben Pricel acaction at the end of the s totally unexpected...

according to which section the order for winding up shall operate in favour of creditors ?​

Answers

according to which section the order for winding up shall operate in favour of creditors ?