Creditor's voluntary winding up: specified statutory provisions apply to govern procedural and administrative obligations in such liquidations. Section 499 directs that the provisions contained in sections 500 to 509 are applicable to a creditor's voluntary winding up, thereby bringing the procedural and administrative rules set out in those provisions into effect for creditor-initiated liquidation proceedings.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Creditor's voluntary winding up: specified statutory provisions apply to govern procedural and administrative obligations in such liquidations.
Section 499 directs that the provisions contained in sections 500 to 509 are applicable to a creditor's voluntary winding up, thereby bringing the procedural and administrative rules set out in those provisions into effect for creditor-initiated liquidation proceedings.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.