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of <h1>Winding-Up Order Dissolves Company; Official Liquidator Appointed to Manage Assets Per Companies Act, 1956, with Stakeholder Notifications.</h1> A winding-up order mandates the dissolution of a company under the Companies Act, 1956. The court appoints an Official Liquidator to manage the company's assets and notify stakeholders. The petitioner must advertise the order in specified newspapers within 14 days and serve a certified copy to the Registrar of Companies within a month. The petitioner's costs are to be paid from the company's assets. The order includes provisions for cooperation with the Official Liquidator and may reference additional legislation if the company is a bank or insurance entity.
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