Question

Discuss the provision of relating to winding up under the supervision of court.

Answer 1

At the point when an organization has by unique or phenomenal determination set out to twist up intentionally, the court may make a request that the willful twisting up will proceed however subject to such supervision of the court, and with such freedom for loan bosses, contributories, or others to apply to the court, and by and large on such terms and conditions as the court thinks just.