Business Studies, asked by mahanandhi2001, 2 months ago

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

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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.

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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 ?