Bare ActsCompanies Act, 1956

Section 447

Effect of winding up order

Amendment status not verified — confirm the current text below against the official source.

An order for winding up a company shall operate in favour of all the creditors and of all the contributories of the company as if it had been made out on the joint petition of a creditor and of a contributory.

Section 447 – Companies Act, 1956 | DailyLaw.ai