The Mumbai Bench of National Company Law Tribunal has received a petition for winding up of Presentable Commodities Ltd. Pramod, Manager (Human Resource) of the company wants to know from you, Secretary of the company, w
CS Executive · Company Law · PYQS · June 2018
The Mumbai Bench of National Company Law Tribunal has received a petition for winding up of Presentable Commodities Ltd. Pramod, Manager (Human Resource) of the company wants to know from you, Secretary of the company, what orders can be passed by the Tribunal in this regard. Advise Pramod, under the relevant provisions of the Companies Act, 2013.
Answer & Explanation:
According to section 273(1) of the Companies Act, 2013 the Tribunal may, on receipt of a petition for winding up may pass any of the following orders:- dismiss it, with or without costs; make any interim order as it thinks fit; appoint a provisional liquidator of the company till the making of a winding up order; make an order for the winding up of the company with or without costs; or any other order as it thinks fit:
Topics: Winding Up
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