Accountancy, asked by shantabai67, 10 months ago

Winding up of a company by an order of the tribunal is know as _____________

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Answered by santoshtripathy70

The winding up or liquidation of a company is the process by which a company's assets are collected and sold in order to pay its debts. Any monies remaining after all debts, expenses and costs have been paid off are distributed amongst the shareholders of the company.

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