Winding-up petitions require tribunal admission, directions on advertisements and service, possible company notice, and petitioner pays advertisement costs.

Rule 5 requires that upon filing a winding-up petition it be posted before the tribunal for admission, fixing a hearing date, and directions as to publication of any advertisement and persons to be served. If the petitioner is not the company, the tribunal may direct notice to the company and give it an opportunity to be heard before ordering advertisement directions. The petitioner must bear the costs of any advertisement.

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